CDP sells 1.9 pct Generali stake for 467.5 mln euros
MILAN, July 8
MILAN, July 8 (Reuters) - Italy's state-lender Cassa Depositi e Prestiti (CDP) said on Tuesday it had completed the placement of a 1.913 percent stake in insurer Assicurazioni Generali at a price of 15.7 euros per share.
In a statement CDP and Fondo Strategico Italiano (FSI), controlled by CDP, said it had raised 467.5 million euros ($637.69 million)from the sale.
FSI sold the stake via an accelerated book building process reserved for institutional investors.
The sole bookrunner was Merrill Lynch International.
($1 = 0.7331 Euros) (Reporting by Stephen Jewkes; editing by Oleg Vukmanovic)