MILAN, Feb 17 (Reuters) - Italy’s Banco Popolare said on Monday it would exercise a put option to sell its whole stake in RCS MediaGroup, publisher of Italy’s best-known newspaper Corriere della Sera.
The transfer of shares, equivalent to 0.91 percent of RCS, and the price settlement are worth 113.9 million euros ($156 million), Banco Popolare said in a statement.
Large shareholders in RCS, including investment bank Mediobanca have been selling their stakes in the publisher.
Carmaker Fiat is now the top investor in the publisher with a stake of around 20.5 percent.
$1 = 0.7298 euros Reporting by Isla Binnie, editing by David Evans