Unicredit says completes sale of Kazakh unit
MILAN May 2 (Reuters) - UniCredit, Italy's biggest bank by assets, said on Thursday it had completed the sale of Kazakh unit ATF bank to a firm owned by Kazakh businessman Galimzhan Yesenov.
The sale had been announced on March 15 and UniCredit CEO Federico Ghizzoni said then the price would be close to ATF's book value of $550 million. UniCredit had bought ATF for $2.1 billion in 2007 at the height of the credit boom. (Reporting By Silvia Aloisi, editing by Antonella Ciancio)
- Thousands of Gaza civilians flee after Israeli warning |
- Russia threatens Ukraine after shell crosses border
- Three dead, two wounded in Pasadena, California shootings
- Teen survivor of Texas shootings says slain family members 'in much better place'
- Heavy fighting breaks out near Libya's Tripoli airport, seven dead