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BNP Paribas says to buy DAB Bank from UniCredit
July 31, 2014 / 6:12 PM / in 3 years

BNP Paribas says to buy DAB Bank from UniCredit

PARIS, July 31 (Reuters) - French bank BNP Paribas said on Thursday it had agreed to buy an 81.4 percent stake in DAB Bank AG from UniCredit unit Hypovereinsbank at 4.78 euros a share in a deal that values the whole of DAB at 435 million euros ($582 million).

In a separate statement confirming the deal, DAB Bank said its management board takes a “generally positive view” of the acquisition. (1 US dollar = 0.7469 euro) (Reporting by Andrew Callus; Editing by James Regan)

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