Deals
UniCredit Said to Mull $5.5 Billion Stock Sale, Pekao Exit
- Bank said consider complete exit from online lender Fineco
- Pioneer options under review after ending talks with Santander
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UniCredit SpA is considering tapping shareholders for as much as 5 billion euros ($5.5 billion) and selling its entire stake in Poland’s Bank Pekao SA to raise capital, according to people with knowledge of the matter.
Chief Executive Officer Jean Pierre Mustier may also dispose of online lender FinecoBank SpA and sell a large share of its Italian bad-loan portfolio, the people said, asking not to be identified because the discussions are private. UniCredit on Wednesday said it ended talks with Banco Santander SA to combine asset-management units and will explore new options for its Pioneer Global Asset Management business.