FBK Finecobank SpA

   By Giovanni Legorano 
 

MILAN--Italian lender UniCredit SpA (UNCFF, UCG.MI) said Wednesday it launched the sale of a 20% stake in online broker FinecoBank SpA (FBK.MI), the latest in a series of transactions aimed at shoring up the bank's capital before it unveils a strategic plan in December.

The bank said the sale will take place via an accelerated book building addressed only to certain institutional investors and may be closed at any time.

It added that after the sale it will still control 35% of FinecoBank.

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

(END) Dow Jones Newswires

October 12, 2016 12:42 ET (16:42 GMT)

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