Deals
UniCredit Investors Reap Top Return in Euro Area in Offer
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Investors who bought UniCredit SpA shares and rights during the bank’s 7.5-billion euro ($9.9 billion) offering are reaping the biggest equity return among the 50 largest companies in the euro region.
The Milan-based bank is the best performer in the Euro Stoxx 50 Index since Jan. 10, gaining 67 percent. UniCredit rights doubled in their 10 trading days through Jan. 20, compared with an average gain of 5.5 percent for 1,160 European securities with a market value above 500 million euros tracked by Bloomberg.