UniCredit and the Association of Parmalat Bondholders of the Sanpaolo IMI reach a settlement agreement
On June 11, 2010, UniCredit reached an agreement with the Association of Parmalat Bondholders of the Sanpaolo IMI Group (the “Association”) aimed at settling - without any admission of responsibility - the civil claims brought against certain banks of the UniCredit Group, by the approximately thirty-two thousand Parmalat bondholders who are members of the Association, in the so-called “Parmalat” criminal proceedings pending before the Parma Court.
UniCredit and the Association express their satisfaction with the agreement reached, which will allow the banks of the UniCredit Group to avoid lengthy and expensive litigation and will offer the Parmalat bondholders who are members of the Association the opportunity to recover, at least in part, the losses suffered as a consequence of the insolvency of the Parmalat Group.
Milan, 15 June 2010
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