January 7, 2020 / 6:03 PM / 12 days ago

Mubadala cuts UniCredit stake by more than half to 2.02%: filings

FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini

MILAN (Reuters) - Abu Dhabi sovereign wealth fund Mubadala Investment Company cut its stake in Italy’s biggest bank UniCredit (CRDI.MI) to 2.02% as of December 20, according to filings from Italy’s market watchdog Consob.

Its previous position as of June 28 was 4.986%, Consob said.

Reporting by Stephen Jewkes, editing by Elvira Pollina

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