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MILAN, June 12 (Reuters) - The Milan stock exchange said on Thursday it had given the green light to the listing of shares in Fineco, the online banking unit of Italian lender UniCredit .
UniCredit plans to list between 25 percent and 35 percent of Fineco by the end of July to bolster its balance sheet as it undergoes a Europe-wide health check of lenders.
The online bank unit could be worth up to 3.5 billion euros ($4.77 billion), according to reports from two investment banks involved in the operation.
$1 = 0.7345 Euros Reporting by Gianluca Semeraro, writing by Francesca Landini, editing by Danilo Masoni