Key Developments: UniCredit SpA (CRDI.MI)

CRDI.MI on Milan Stock Exchange

21 Nov 2014
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€0.31 (+5.58%)
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Latest Key Developments (Source: Significant Developments)

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

UniCredit SpA suspends activities in Crimea and closes branches-Reuters
Monday, 14 Apr 2014 08:00pm EDT 

UniCredit SpA:Decided to suspend all its activities in Crimea and close all its branches in the region-Reuters.The decision was published on the site of UniCredit Bank, the Ukrainian subsidiary of the Group.As the bank follows Ukrainian laws, it does not have any longer a legal basis in Crimea for banking services.Says the closing of the branches in the region does not impact the bank's liabilities to customers.  Full Article

UniCredit SpA issues 1.25 billion euros senior benchmark
Wednesday, 2 Apr 2014 08:00pm EDT 

UniCredit SpA:Issues a new senior benchmark floater with a maturity of 3 years and a size of 1.25 billion euros.Coupon has been set at 95 bps over 3 month Euribor with an issue/re-offer price of 99.911 pct.The initial price guidance was set at 105 bps area, and it and has been revised to 100 bps area achieving a final issue spread equal to 98 bps.The final size of the deal has increased to 1.25 billion euros from initial target of 1 billion euros.UniCredit Corporate & Investment Banking, Deutsche Bank, Goldman Sachs and Morgan Stanley, have managed the placement acting as joint bookrunners.The bonds form part of the UniCredit's outstanding benchmark curve and are documented under the Euro Medium Term Notes Program.Listing will be on the Luxembourg Stock Exchange.  Full Article

UniCredit SpA issues Additional Tier 1 notes (AT1) for $1.25 billion
Wednesday, 26 Mar 2014 08:00pm EDT 

UniCredit SpA:Says it has launched on March 27 Additional Tier 1 notes for a total of $1.25 billion, with characteristics compliant with new CRD IV regulation in place starting from Jan. 1.Says the securities are perpetual (with maturity linked to corporate duration of UniCredit) and can be called by the Issuer after 10 years and thereafter at any interest payment date.Says notes pay fixed rate coupons of 8.00 pct per annum for the initial 10 years on a semi-annual basis, and if not redeemed, coupon will be reset every 5 years to the then 5-Years Mid-Swap rate + 518 bps.Says Additional Tier 1 will contribute to strengthen the Tier 1 ratio of UniCredit.UniCredit Corporate & Investment Banking together with Citi, HSBC, Societe Generale and UBS have managed the placement acting as joint bookrunners.Says the bonds will be listed on the Luxembourg Stock Exchange.  Full Article

Gtech SpA completes buyout of UniCredit SpA's stake in Italian Scratch & Win
Tuesday, 25 Mar 2014 10:42am EDT 

Gtech SpA:Says it has acquired from UniCredit the entire interest indirectly held by UniCredit in the Italian Gratta e Vinci (Scratch & Win) licensee, Lotterie Nazionali S.r.l., for a total amount of about 72 million euros.The acquisition was made through the exercise of the call option announced on March 13.As a result of the transaction, GTECH’s direct and indirect interest in Gratta e Vinci has increased from 51.5 pct to 64 pct.  Full Article

S&P’s affirms UniCredit SpA’s BBB/A-2 ratings
Monday, 24 Mar 2014 02:05pm EDT 

UniCredit SpA:Says the Rating Agency Standard & Poor’s (S&P’s) has affirmed UniCredit SpA’s ‘BBB’ long- and ‘A2’ short-term Issuer Default Rating.Says the rating agency believes that the impact of the full-year-2013 results on the capital position is manageable and that the increased provisioning has strengthened the balance sheet.The agency confirmed at the same time the stand-alone credit profile at ‘bbb’.The outlook remains negative.  Full Article

Moody's affirms UniCredit SpA's debt and deposit ratings
Friday, 21 Mar 2014 02:10pm EDT 

UniCredit SpA:Says the rating agency Moody's has affirmed UniCredit SpA's Baa2 long-term debt and deposit ratings and its Prime-2 short term ratings.Says, at the same time, Moody's lowered the baseline credit assessment to ba1 from baa3, which resulted in a downgrade of subordinated debt.Says the stable outlook is unchanged.  Full Article

Deals of the day- Mergers and acquisitions

(Naspers, Club Med, Obi, Aviva Plc, Korea Gas Corp, UniCredit)

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