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UniCredit SpA (CRDI.MI)

CRDI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

UniCredit makes capital gain of 2.1 bln euros on Pioneer sale
Monday, 3 Jul 2017 12:07pm EDT 

July 3 (Reuters) - UniCredit says::Successfully concludes disposal of Pioneer Investments to Amundi.makes capital gain of about 2.1 billion euros on Pioneer sale.Sale will increase fully-loaded CET 1 ratio by around 84 basis points.  Full Article

Intesa Sanpaolo, UniCredit and Pirelli say reports of sale of Prelios stake "inaccurate"
Wednesday, 28 Jun 2017 03:40pm EDT 

June 28 (Reuters) - Intesa Sanpaolo, UniCredit and Pirelli say in a joint statement::reports of sale of their stake in Prelios "inaccurate", matter under discussion but neither concrete nor certain.in the event an agreement is reached, the market will be promptly informed.Shares in Italian asset manager Prelios shot up 10 percent on strong volumes and were suspended from trading on Wednesday after a report in the local press about a bid from Chinese conglomerate CEFC. nI6N1J602M.  Full Article

Italy's Atlante fund buys 343 mln euros of bad loans from Cariferrara
Tuesday, 20 Jun 2017 11:33am EDT 

June 20 (Reuters) - Quaestio, manager of Italy's bank rescue funds Atlante and Atlante II says: :signs deal on behalf of Atlante II fund to buy 343 million euros of soured debts from local lender Cariferrara.average price of loan purchase equal to 19 percent of gross book value.portfolio made of non-performing loans and unlikely to pay loans.  Full Article

Mediobanca's MB Credit Solution buys 450 mln euros in bad loans from UniCredit
Friday, 16 Jun 2017 10:51am EDT 

June 16 (Reuters) - Mediobanca's MB Credit Solution says: :buys 450 million euros in bad loans from Italy's top bank UniCredit.  Full Article

UniCredit exec says work underway to find solution for Veneto banks
Thursday, 8 Jun 2017 01:04pm EDT 

June 8 (Reuters) - Italy's Veneto banks: :UniCredit's director general Gianni Franco Papa, asked whether Italy's leading banks were considering contributing to the rescue of the two lenders, says the banking system is "working to find a solution, whatever that might be".  Full Article

UniCredit says Croatian unit sells 450 mlm euro problem loan portfolio
Monday, 22 May 2017 02:28am EDT 

May 22 (Reuters) - UniCredit says::Croatian unit Zagrebacka Banka has agreed to sell an impaired loan portfolio with a gross book value of 450 million euros to APS Holding's unit APR Delta.Transaction will impact second-quarter financial earnings but portfolio had already been classified as held for sale in first-quarter results.  Full Article

UniCredit CEO sees no changes in dividend payout in 2018-2019
Thursday, 11 May 2017 04:57am EDT 

May 11 (Reuters) - UniCredit CEO Jean Pierre Mustier tells analyst call::No changes to dividend payout are to be expected in 2018-2019.What happens afterwards will depend on impact of Basel 4 rules and some expected adjustments to Pillar 2 requirements.  Full Article

UniCredit shares up 4 pct after Q1 beats expectations
Thursday, 11 May 2017 03:15am EDT 

May 11 (Reuters) - UniCredit::Shares in the lender rise more than 4 percent after results, leading the gainers in Milan's blue-chip index .FTMIB.Italy's biggest bank by assets posted on Thursday a first-quarter net profit of 907 million euros ($986 million), topping expectations due to rising revenues and lower loan losses as a turnaround under new Chief Executive Jean Pierre Mustier gathered pace.nFWN1ID00Y."Strong headlines across the board on asset quality, capital and profit recovery should all support continued re-rating of the stock," investment bank Jefferies said in a note after the results. .  Full Article

UniCredit says Alitalia stake is fully written down
Thursday, 11 May 2017 01:51am EDT 

May 11 (Reuters) - UniCredit CEO Jean Pierre Mustier tells media call::Equity stake in Alitalia is fully written down and credit exposure is fully covered.  Full Article

Gruppo Coin raises 166 mln euros via OVS stake placement, transfer to managers
Wednesday, 10 May 2017 01:14am EDT 

May 10 (Reuters) - Gruppo Coin says: :placed around 11 percent of OVS at 6.11 euros per share through an accelerated bookbuilding to international institutional investors to raise around 152.8 million euros.its ownership interest in OVS decreases to around 31.12 percent.executed transfer of 0.935 percent to OVS CEO and certain other top managers; gross proceeds from the transfer are around 13 million euros.aggregate gross proceeds from accelerated bookbuilding and transfer to managers amount to around 166 million euros .  Full Article


UniCredit has narrow lead in Commerzbank M&A fight

LONDON (Reuters Breakingviews) - Talk of cross-border banking M&A is back. UniCredit is interested in merging with Commerzbank, Reuters reported. BNP Paribas is also said to be a potential partner for the German lender. But international banking deals are complicated, political, and have modest economic benefits.  The Italian lender could make a case for tying-up with its 14 billion euro Teutonic peer, but closing a deal may be tricky.