January 30, 2018 / 12:16 PM / 20 days ago

BRIEF-Intesa's top shareholder says has been given more time to cut stake

Jan 30 (Reuters) - Intesa Sanpaolo:

* SHAREHOLDER COMPAGNIA DI SANPAOLO AGREED WITH ITALY‘S TREASURY TO REDUCE STAKE IN BANK OVER TWO-THREE YEARS - COMPAGNIA‘S SECRETARY GENERAL

* BY LAW, BANKING FOUNDATIONS SUCH AS COMPAGNIA DI SANPAOLO MUST REDUCE EXPOSURE TO BANKING SECTOR

* COMPAGNIA DI SANPAOLO WAS INITIALLY DUE TO REDUCE ITS STAKE BY APRIL 2018

* WITH AN 8.25 PCT STAKE, COMPAGNIA DI SANPAOLO IS INTESA‘S SINGLE BIGGEST SHAREHOLDER Further company coverage: (Reporting by Milan Newsroom)

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