MILAN, July 25 Pamplona fund said on Thursday it
had given a 4.01 percent stake it owns in Italian lender
UniCredit to Deutsche Bank in exchange for
The fund, backed by Russian billionaire Mikhail Fridman's
Alfa Group, said that Deutsche Bank was committed to returning
the stake upon request so that Pamplona could exercise its
voting rights at UniCredit's shareholder meetings.
The statement by Pamplona was made at the request of Italian
market regulator Consob.
Pamplona bought a 5.01 percent stake in Italy's biggest
lender by assets last year, becoming the bank's second largest
(Reporting by Francesca Landini,editing by Silvia Aloisi)