MILAN (Dow Jones)--UniCredit SpA (UCG.MI) said Wednesday its real estate unit has sold a portfolio of properties to a closed-end fund managed by REAM SGR. In an emailed statement UniCredit said that the contribution to the real estate fund is worth about EUR574 million and that it will book a EUR110 million capital gain in the third quarter of 2009. The move comes a day after the Milan-based lender announced a EUR4 billion capital increase to strengthen its ratios.
-By Sabrina Cohen, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com
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