Key Developments: UniCredit SpA (CRDI.MI)

CRDI.MI on Milan Stock Exchange

6.33EUR
31 Mar 2015
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Latest Key Developments (Source: Significant Developments)

AS Roma SpA announces Share Purchase Agreement between UniCredit SpA, AS Roma SPV LLC, and Raptor Holdco LLC
Monday, 11 Aug 2014 11:49am EDT 

AS Roma SpA:Says UniCredit SpA, AS Roma SPV LLC, and Raptor Holdco LLC, an affiliate of AS Roma SPV, have entered into a Share Purchase Agreement by which UniCredit transferred to AS Roma SPV its entire participation held in the capital stock of NEEP Roma Holding SpA.NEEP Roma Holding is the controlling company of AS Roma SpA.The transfer was for a consideration in the amount of 33,000,000 euros, which has been paid in full at the closing of the transaction.As a consequence of such sale AS Roma SPV increases its interest in NEEP Roma Holding, directly and indirectly via Raptor Holdco, to 100 pct of the stock capital of NEEP Roma Holding SpA.In the same context UniCredit, AS Roma SPV and Raptor Holdco terminated the shareholders agreement related to NEEP Roma Holding entered into on Aug. 18, 2011 and subsequently amended and integrated (also by means of the accession of Raptor Holdco) on Aug. 1, 2013.  Full Article

UniCredit SpA signs definitive agreements with BNP Paribas on sale of 81.4 pct majority shareholding in DAB Bank AG
Tuesday, 5 Aug 2014 07:21am EDT 

UniCredit SpA:Says UniCredit Bank AG and BNP Paribas SA have executed definitive agreements on the sale of UniCredit Bank AG's 81.4 pct majority shareholding in DAB Bank AG.Closing of the transaction will be subject to the approval of the relevant authorities.Terms and conditions of the transaction as well as positive impacts on UniCredit SpA and UniCredit Bank AG as announced on July 31 remain unchanged.  Full Article

UniCredit SpA reaches joint understanding with BNP Paribas on sale of 81.4 pct shareholding in DAB Bank AG
Thursday, 31 Jul 2014 01:43pm EDT 

UniCredit SpA:Says UniCredit SpA and UniCredit Bank AG inform that UniCredit Bank AG’s Management Board and BNP Paribas SA have reached a joint understanding on the sale of UniCredit Bank AG’s 81.4 pct shareholding in DAB Bank AG.The agreed consideration amounts to 4.78 euros per share, valuing the UniCredit Bank AG stake at about 354 million euros (435 million euros for the 100 pct of DAB).The execution of final documentation remains subject to approval by UniCredit Bank AG’s Supervisory Board.Closing of the transaction will be subject to the approval of the relevant authorities.  Full Article

Intesa Sanpaolo SpA, UniCredit SpA, Clessidra, Nuove Partecipazioni and NK Rosneft' OAO's Long-Term Investments Luxembourg finalize Camfin transaction
Thursday, 10 Jul 2014 12:52pm EDT 

Intesa Sanpaolo SpA:Says Intesa Sanpaolo (ISP), UniCredit SpA (UC), Clessidra, Nuove Partecipazioni (NP) and Long-Term Investments Luxembourg, designated by NK Rosneft' OAO, finalize the Camfin transaction, relating to the acquisition of the 50 pct Camfin stake for 552.7 mln euros.Long-Term Investments Luxembourg purchased from Clessidra the entire share capital of Lauro 54 (owning a participation representing 24.06 pct of Lauro 61/Camfin share capital) and from each of ISP and UC a participation representing 12.97 pct of Lauro 61/Camfin.The shareholders' meeting of Lauro 61 and Camfin resolved upon the partial and non-proportional demerger from Camfin of the assets and liabilities not related to the Pirelli equity stake.Resolved also upon the merger by incorporation of Lauro 61 into Camfin.Says, as a result of the above acquisitions, Long-Term Investments Luxembourg has become the indirect holder (through Lauro 54 and Lauro 61) of 50 pct of Camfin share capital.The remaining 50 pct of Camfin share capital is owned by NP, ISP and UC.NP, ISP and UC have entered into a shareholders’ agreement with respect to the equity stakes held by each of them in Lauro 61/Camfin (38.78, 5.61 and 5.61 pct, respectively), corresponding to 50 pct of Camfin share capital.Says NP, ISP and UC will contribute their stakes into a newco (COINV SpA), which will become the owner of 50 pct of Camfin share capital.COINV will be owned by NP for 76 pct and by each of ISP and UC for 12 pct.  Full Article

UniCredit SpA says FinecoBank SpA receives IPO approval for admission on Borsa Italiana's MTA
Thursday, 12 Jun 2014 02:09pm EDT 

UniCredit SpA:Says FinecoBank SpA, UniCredit group’s direct multichannel banking arm, received on June 12 CONSOB’s approval of the Prospectus for its Initial Public Offering (IPO).The IPO is aimed at the admission to trading of its shares on the MTA (Mercato Telematico Azionario), organized and managed by Borsa Italiana.The IPO will involve 181,883,000 ordinary shares, sold by UniCredit, up to a maximum of 30 pct of the company’s share capital (34.5 pct if the Greenshoe option is fully exercised).IPO and the Institutional Placement will begin on June 16 and end on June 26.The valuation range of the company’s share capital is between a non-binding minimum of 2,122 mln euros and a binding maximum of 2,668 mln euros, corresponding to a non-binding minimum of 3.50 euros per share and a binding maximum, equal to the maximum price, of 4.40 euros per share.UniCredit will remain a shareholder after the listing of FinecoBank, with a holding, in the event of full placement of the Global Offer, of 70 pct of the share capital if the over-allotment option is not exercised, and 65.5 pct if the over-allotment option is fully exercised.  Full Article

Moody's changes UniCredit SpA's Baa2 rating outlook to negative from stable
Friday, 30 May 2014 02:26am EDT 

UniCredit SpA:Says Moody’s changed UniCredit SpA's Baa2 long-term debt and deposit ratings outlook to negative from stable as systemic support is under review for European banks following the new recovery and resolution framework.  Full Article

Banca Monte dei Paschi di Siena SpA and other shareholders including UniCredit SpA reach completed sale of 59.3 pct of SIA's share capital
Wednesday, 28 May 2014 04:10pm EDT 

Banca Monte dei Paschi di Siena SpA:Says Banca Monte dei Paschi di Siena, together with UniCredit SpA, Intesa SanPaolo, and BNL have closed on May 28 the sale of 59.3 pct of SIA’s share capital.Of the 59.3 pct, 28.9 pct was held by Intesa Sanpaolo Group, 20.1 pct by UniCredit, 5.8 pct by Banca Monte dei Paschi di Siena and 4.5 pct by BNL.The sale was made to Fondo Strategico Italiano, F2i SGR and Orizzonte SGR.The consideration has been determined on the basis of an equity value for the 100 pct of the share capital of SIA equal to c. 765 million euros, of which c. 100 million euros paid as dividends before closing.As a result of the transaction, FondoStrategico Italiano will hold 42.3 pct in SIA, F2i SGR 10.3 pct, and Orizzonte SGR 6.7 pct.Intesa Sanpaolo and UniCredit will retain a 4 pct stake each, while Banca Monte dei Paschi di Siena and BNL have sold their shares in full and the other existing shareholders will retain the remainder 32.7 pct of SIA’s share capital.As a result of the transaction, Banca Monte dei Paschi di Siena will post a total positive P&L impact of about 37 mln euros.  Full Article

NK Rosneft' OAO updates on acquisition of indirect stake in Pirelli & C SpA from consortium of banks including UniCredit SpA, Intesa Sanpaolo SpA
Friday, 23 May 2014 08:00pm EDT 

NK Rosneft' OAO:Says that an agreement was signed that envisages the acquisition from an international consortium of banks including UniCredit SpA, Intesa Sanpaolo SpA, Clessidra fund a 50 percent share in the company, holding a 26.19 percent stake of Pirelli & C SpA.The deal criteria are determined on the basis of 12 euros per share price.The closing of the deal, including the transfer of ownership for the shares and the changes in the BoD of Pirelli & C SpA, will come off upon the approval of regulatory agencies and in accordance with the Italian, European and Russian law.By providing the closing of the deal Rosneft strengthens ties with Pirelli & C. SpA within the already entered engagements and the realization of plans of both companies for the expansion of joint Russian and international projects.  Full Article

UniCredit SpA approves FY 2013 dividend
Tuesday, 13 May 2014 02:16pm EDT 

UniCredit SpA:Says the Shareholders' Meeting approved the payment of a FY 2013 dividend to shareholders from profit reserves amounting to a total of 570,332,795.10 euros corresponding to 0.10 euros per share (ordinary and savings) before withholding tax.The dividend resolved upon by the Shareholders' Meeting will be paid out on June 6, with the ex-dividend date being May 19, (detachment coupon no. 3).  Full Article

Fitch affirms UniCredit SpA's ratings; unchanged negative outlook
Tuesday, 13 May 2014 12:29pm EDT 

UniCredit SpA:Fitch Ratings has affirmed UniCredit SpA's BBB+ long-term, F2 short- term Issuer Default Ratings and bbb+ Viability (= standalone) rating.The negative outlook is unchanged.  Full Article

Aabar chairman says UniCredit bonds not an exit from bank investment

ABU DHABI, March 26 - Abu Dhabi fund Aabar Investments said on Thursday its sale of 2 billion euros ($2.2 billion) of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances.

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