Banco Popolare sold its entire stake in the capital of Azimuth, equal to 2,094% (three million ordinary shares). The operation took place through an accelerated order collection procedure aimed at qualified investors in Italy and institutional investors abroad. The institute communicated it itself, specifying that it had created one net capital gain of 29,2 million. Equita Sim played the role of Sole Bookrunner.
"The positive commercial relations existing between Banco Popolare and Azimut remain unchanged".
In the morning, Banco Popolare's stock gained 1,2%, while Azimut shares lost 0,6%.
