1 Min Read
MILAN, Feb 3 (Reuters) - Italy's biggest bank UniCredit estimated on Friday a 13 billion euro ($14 billion) share offer it will launch on Monday would cost it up to 500 million euros.
"The offer's overall expenses - including the maximum amount of fees to be paid to the underwriting consortium - is estimated, at most, at around 500 million euros," the bank said in an offer document published on its website.
UniCredit has a group of 30 banks that has committed to take on any unsold shares in Italy's biggest ever share issue.
$1 = 0.9303 euros Reporting by Silvia Aloisi; editing by Agnieszka FLak