Key Developments: UniCredit SpA (UNCFF.PK)
5.53USD
21 May 2013
$-0.10 (-1.78%)
$5.63
$5.52
$5.53
$5.52
1,600
8,469
$6.47
$2.84
Latest Key Developments (Source: Significant Developments)
UniCredit SpA Updates on FY 2012 Dividend
UniCredit SpA announced that, in regards to the fiscal year 2012 dividend of EUR 0.09 per share, the dividend will be paid out on May 23, 2013, with the ex- dividend date being on May 20, 2013 (detachment coupon n. 2). Full Article
UniCredit SpA's UniCredit Bank Austria Completes Disposal of Entire Shareholding Held in ATFBank JSC to KazNitrogenGaz LLP
UniCredit SpA announced that its subsidiary UniCredit Bank Austria has completed the disposal of 99.75% held in Kazakh JSC ATFBank to KazNitrogenGaz LLP, fully owned by Mr. Galimzhan Yessenov. The National Bank of Kazakhstan approved the transaction on March 29, 2013. For the deal, UniCredit was advised by UniCredit Corporate & Investment Banking. Full Article
Allianz SE Buys Yapi Kredi Sigorta For $883 Million From Koc Holding AS And UniCredit SpA's Yapi ve Kredi Bankasi AS; Dai-ichi Life Insurance Co Ltd, Zurich Insurance Group AG Were In Race-Reuters
Reuters reported that Allianz SE agreed to buy insurance business Yapi Kredi Sigorta A.S. from Turkish lender Yapi ve Kredi Bankasi AS to secure a bigger slice of a fast expanding market. The net purchase price for Yapi Kredi's 93.9% stake in Yapi Kredi Sigorta was TRY1.60 billion ($883 million). After closing of the deal, Allianz will make a mandatory tender offer for the remaining 6.1% stake. Yapi Kredi will retain a 20% stake in Yapi Kredi Emeklilik, the life and pension subsidiary of Yapi Kredi Sigorta. Under a so-called bancassurance agreement over 15 years, Allianz also gets the right to sell insurances through Yapi Kredi's network of bank branches. Yapi Kredi Bank, owned by Turkish group Koc Holding AS and Italy's UniCredit SpA, had said on Tuesday that talks were continuing on a sale of its insurance business after sources told Reuters that Allianz had agreed to buy it. The sources said at the time that Japan's Dai-ichi Life Insurance Co Ltd and Zurich Insurance Group AG had also been in the race for Yapi Kredi Sigorta. Full Article
Allianz SE To Buy Koc Holding AS And UniCredit SpA's JV Yapi Kredi Sigorta AS For Nearly EUR950 Million; Dai-ichi Life Insurance Co Ltd And Zurich Insurance Group AG Also Had Been In The Race-Reuters
Reuters reported that Allianz SE has agreed to buy Turkish insurerYapi Kredi Sigorta AS's core insurance arm and a majority stake in its pension unit for nearly EUR950 million ($1.2 billion). The deal was expected to be announced in the coming days. Japanese company Dai-ichi Life Insurance Co Ltd and Zurich Insurance Group AG had also been in the race for Yapi Kredi Sigorta, a joint venture (JV) between Turkish group Koc Holding AS and Italian bank UniCredit SpA. Full Article
Fitch Ratings Aligns UniCredit SpA's Rating with the Sovereign; Lowers Viability Rating; Affirms Negative Outlook
UniCredit SpA announced that the Rating Agency Fitch Ratings has aligned UniCredit SpA’s ratings with that of the recently downgraded sovereign Italy (BBB+ long- and F2 short-term Issuer Default Rating). The Viability (= standalone) rating has been lowered to bbb+ from a-. As a consequence outstanding debt ratings have also been lowered. The negative outlook is unchanged. Full Article
UniCredit SpA Proposes Distribution of Dividend for FY 2012
Unicredit SpA announced that the Board of Directors of UniCredit SpA has proposed a dividend distribution from profit reserves of EUR 0.09 per share for the fiscal year 2012. Full Article
UniCredit SpA Signs Deed of Merger into UniCredit of Wholly-Owned Subsidiaries UniCredit Audit, UniCredit Logistics, UniCredit Merchant and UniManagement
UniCredit SpA announced that it was signed, on February 25, 2013, the deed of merger into UniCredit SpA of wholly-owned subsidiaries UniCredit Audit SCpA, UniCredit Logistics Srl, UniCredit Merchant SpA and UniManagement SCrl. The merger will become effective as of March 1, 2013 after the completion of the registration of the deed with the competent Trade Registers. Full Article
UniCredit SpA Signs Joint Venture with Renault-Nissan Alliance
UniCredit SpA has agreed together with Renault-Nissan Alliance to establish a dedicated automotive bank offering a wide range of financial services to Renault, Nissan and Infiniti brand customers and dealers in Russia. The joint venture will be controlled by the Alliance which will have a 60% stake. UniCredit SpA will participate as a minority investor with a 40% stake. Full Article
UniCredit SpA May Sell ATF Bank AO-Reuters
Reuters reported that UniCredit SpA may sell ATF Bank AO to a firm owned by Kazakh businessman Galimzhan Yesenov for about $500 million. The sale was expected to be completed by the end of April 2013. UniCredit said it does not comment on market rumours. Full Article
UniCredit SpA Completes Bank Polska Kasa Opieki SA. Stake Sale-Reuters
Reuters reported that UniCredit SpA said it had raised around EUR890 million ($1.21 billion) from the sale of a 9.1% stake in Bank Polska Kasa Opieki SA. Full Article
CORRECTED-RLPC-Norilsk Nickel picks 13 banks for $2 bln loan-sources
(Adds Unicredit to lender group, removes reference to co-ordinator in paragraph 2)
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