Fondiaria-SAI says sold stake in Mediobanca
MILAN Oct 9 (Reuters) - Italy's Fondiaria-SAI said on Wednesday it had concluded the sale of its 2.68 percent stake in investment bank Mediobanca.
The transaction, which was carried out through an accelerated book-building, has a total value of 135 million euros ($182 million), the company said in a statement.
The sale of the shareholding was requested by Italy's competition regulator in return for approving Fondiaria-SAI's merger with Italian insurer Unipol.
Fondiaria also said an additional 1.15 percent stake in the investment bank was already subject to sell forward contracts that would be settled within November. ($1 = 0.7398 euros) (Reporting by Francesca Landini; Editing by Agnieszka Flak)
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