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SBD Global/August 13, 2014/Finance

Italian Bank UniCredit Sells Stake In AS Roma To U.S. Investor Pallotta For $44M

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UniCredit sells stake in AS Roma to James Pallotta for $44.17M.
Italian bank UniCredit has agreed to "sell its entire stake in the holding company" controlling Serie A side AS Roma to U.S. investor James Pallotta for $44.17M, according to Danilo Masoni of REUTERS. The statement said that under the terms of the deal, Pallotta's vehicle AS Roma SPV LLP "increases its stake in NEEP Roma Holding SpA, the holding that controls the club, to 100 percent" (REUTERS, 8/11). FORZA ITALIAN FOOTBALL's Marco Jackson reported UniCredit had "owned a section of the Giallorossi, but agreed to sell their share" to Pallotta's company. The $44M "had been paid to the Italian bank immediately as the shares were sold." Roma Holding SpA owns "just over a third of the club's shares, with the remaining 22% being held by supporters." Pallotta has been a shareholder in Roma since Aug. '12 (FORZA ITALIAN FOOTBALL, 8/12).
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