Bloomberg: UniCredit to sell its entire stake in Pekao

UniCredit is considering tapping shareholders for as much as€5 billion and selling its entire stake in Poland’s Bank Pekao to raise capital, Bloomberg said quoting people with knowledge on 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," the daily wrote. On Wednesday, UniCredit 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.