UPDATE 1-Italy's ECRF sells 0.63 pct stake in Intesa Sanpaolo

August 4, 2015 12:30 PM

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FLORENCE, Italy Aug 4 (Reuters) - Italy's Ente Cassa di Risparmio di Firenze (ECRF) sold a 0.63 percent stake in lender Intesa Sanpaolo on Tuesday for 349.5 million euros ($384 million) to comply with rules that limit the holdings of banking foundations in banks.

ECRF said the shares were sold at 3.495 euros each through an accelerated bookbuilding, where Goldman Sachs served as sole bookrunner.

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