By Pietro Lombardi

Italian banks Intesa Sanpaolo SpA (ISP.MI) and UniCredit SpA (UCG.MI) on Wednesday completed the sale of their 11.176% stake in French mining and metallurgical group Eramet SA (ERA.FR) for EUR169.4 million ($202.6 million).

Intesa Sanpaolo and UniCredit sold all the shares they had in Eramet, 7.114% and 4.062% respectively, at EUR57 per share, the lenders said in a statement.

Banca IMI, the investment bank of the Intesa Sanpaolo Group, BNP Paribas and UniCredit Corporate & Investment Banking are joint bookrunners.

Eramet shares trade at EUR57.28, down 9.87%.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

September 13, 2017 03:44 ET (07:44 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Intesa Sanpaolo (BIT:ISP)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024 Click aqui para mais gráficos Intesa Sanpaolo.
Intesa Sanpaolo (BIT:ISP)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024 Click aqui para mais gráficos Intesa Sanpaolo.