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UniCredit and Intesa Sanpaolo place LSE stakes on market

The two Italian banks have been shareholders since the LSE acquired Borsa Italiana in 2007

Italian banks UniCredit and Intesa Sanpaolo said yesterday that they are placing their entire stakes in London Stock Exchange to institutional investors through a bookbuilding process.

In separate statements, Intesa Sanpaolo said it was placing its 5.4% stake in LSE while UniCredit said it was offering its 6.1% holding.

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