TRN Terna Trasmissione Elettricita Rete Nazionale

By Giovanni Legorano

MILAN--UniCredit SpA (UCG.MI) said Wednesday an aggregate sale of 107,704,353 shares of Terna SpA (TRN.MI) was successfully completed.

The bank said the transaction, which was launched May 21 and carried out as an accelerated bookbuilding process addressed to institutional investors, was priced at 3.35 euros ($4.33) per share and will be settled May 27.

The share sale generated proceeds of around EUR361 million and represent 5.36% of Terna's share capital, UniCredit said.

It added the shares were owned by Romano Minozzi and three companies: Iris Ceramica SpA, Castellarano Fiandre SpA and Finanziaria Ceramica Castellarano SpA.

UniCredit acted as the sole bookrunner on the transaction. Terna is Italy's biggest electricity grid by lines.

Write to Giovanni Legorano at giovanni.legorano@dowjones.com