Leading Italian bank UniCredit SpA (UCG.MI) Wednesday said it will launch the placement of ordinary shares of Italian cable maker Prysmian SpA (PRY.MI) equal to about 7.4% of Prysmian's share capital.

In a statement, UniCredit says the 7.4% is equal to about 15,583,144 ordinary shares and that these shares represent the entire stake held by Flint Investments BV in Prysmian.

The placement will be carried out by UniCredit Corporate and Investment Banking, which will also act as Global Coordinator and Sole Bookrunner through an accelerated bookbuilding offer made solely to institutional investors in Italy and elsewhere outside the US.

Website: www.unicreditgroup.eu

-By Sofia Celeste, Dow Jones Newswires; +39 06 697 66920; sofia.celeste@dowjones.com
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