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Milan bourse clears listing of UniCredit online unit Fineco
June 12, 2014 / 1:26 PM / 3 years ago

Milan bourse clears listing of UniCredit online unit Fineco

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

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