Intesa Sanpaolo to sell 5.7% stake in Bank of Italy
Intesa Sanpaolo is to sell a 5.7% stake in Bank of Italy for €430m to a group of domestic pension funds and Banca del Piemonte; prior to the sale, Intesa Sanpaolo owned a 42.4% stake in Italy's central bank.

MILAN-Italian bank Intesa Sanpaolo SpA (ISP.MI) has agreed to sell a 5.7% stake in the Bank of Italy to a group of local pension funds and one bank for 430 million euros ($461 million).

The bank said it sold the stake to pension funds Enpam, Inarcassa, Cassa Forense, Enpaia, Cassa Ragionieri and to local lender Banca del Piemonte.