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Intesa Sanpaolo SpA Announces Offering of Ordinary Shares in Assicurazioni Generali SpA

Monday, 11 Nov 2013 11:40am EST 

Intesa Sanpaolo SpA announced that it has launched a placing (the Placing) of existing ordinary shares in Assicurazioni Generali SpA to institutional investors with final terms to be determined through a book-building process. The Placing comprises an offering of up to approximately 21 million existing ordinary shares representing approximately 1.3% of Assicurazioni Generali's share capital and corresponding to the entire stake to date held by Intesa Sanpaolo in Assicurazioni Generali. The book-building is commencing immediately and Intesa Sanpaolo reserves the right to close the books at any time. Intesa Sanpaolo will announce the outcome of the Placing upon its completion. Banca IMI S.p.A. and UBS Limited have been appointed by Intesa Sanpaolo to act as Joint Bookrunners for the Placing. 

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0.49 +2.93%
21 Nov 2014