Kicking Off the Internalization of Life Insurance Services
We have completed the strategic internalization process of the life insurance business, which involves UniCredit's 100% control of CNP UniCredit Vita and UniCredit Allianz Vita
UniCredit is apan-European Commercial Bankwith a unique service offering in Italy, Germany, Austria, Central and Eastern Europe. Our purpose is to empower communities to progress, delivering the best-in-class for all stakeholders, unlocking the potential of our clients and our people across Europe.
A pool of banks led by UniCredit provides a EUR 46m green loan mini-perm project financing to Futura’s group for the construction of an advanced agri-voltaic plant integrated with a BESS system
PRESS RELEASE
17 October 2025
1st ever advanced agri-voltaic plant with an integrated BESS system financed in Italy through a project financing scheme
The agrivoltaic plant with expected entry in operation by 2026, will produce yearly 85GWh as clean energy in accordance with the Green New Deal targets
Milano, 17 October 2025 - UniCredit, Banca Monte dei Paschi di Siena, BPER, Banco di Sardegna and Banca Ifigest successfully closed a EUR 46m green loan mini-perm project financing in favor of a special purpose vehicle fully owned by Futura group.
The mini-perm financing, certified as Green Loan in accordance with the “Green Loan Principles”, aims at supporting the construction and commissioning of an advanced agrivoltaic plant, with a total capacity of approximately 45MWp, combined with a battery energy system with a 48MWh capacity.
This pioneer project is deemed to be pivotal for the energy transition and for the Italian and regional electricity system stability, combining the grazing and livestock activities within the agrivoltaic facility, ensuring economic and environmental benefits to both the agricultural activity and renewable production, maximizing the related synergies.
The advanced agrivoltaic plant, integrated with a BESS system, is expected to reach has an expected annual production of approximately 85 GWh, is able to cover the energy consumption needs of around 30,000 Italian households. Once in operation, the project will avoid over 18,000 tons of CO₂ equivalent emissions per year, corresponding to a total reduction of more than 450,000 tons of CO₂ equivalent over the plant lifetime.
The cutting-edge asset based project finance transaction was originated, structured and coordinated by UniCredit as Global Coordinator & Bookrunner, Structuring Mandated Lead Arranger, Original Lender, Sustainability Coordinator and Hedging Bank and underwritten also by Banca Monte dei Paschi di Siena, BPER, Banco di Sardegna acting as Mandated Lead Arrangers, Original Lenders and Hedging Banks and Banca Ifigest acting as Mandated Lead Arranger, Original Lenders and Account Bank, with BPER also acting as Account Bank & Agent.
The agri-voltaic plant, currently under advanced construction phase and expected to be in operation by mid 2026, is eligible to benefit from the GSE Contract for Difference (CfD) scheme.
Simone Micheletti, CEO and founder, jointly with Bruno Fisi, stated: "This project, successfully finalized thanks to the experience and significant track record of Futura Group, and in particular of our Chief Financial Officer Francis Ravano, represents a pioneer project for the industry. It is the first advanced agri-voltaic plant integrated with a BESS system to enter into operation in Italy, backed by a first ever project financing transaction closed in Italy. This move confirms the innovative and cutting-edge approach distinguishing the corporate culture and the people working on daily basis for Futura Group; a team group who keeps growing and pursuing ambitious and sustainable initiatives, closely integrated with the economic and social footprint of the region and local communities. The Project contributes to a more sustainable energy future, while also strengthening the stability of the national electricity grid. It enables the development of marginal and underproductive agricultural land, as well as providing significant economic support for the involved agricultural operators.”
Francis Ravano, Chief Financial Officer, also stated "We are very pleased to have successfully concluded this further important financing transaction to support our greenfield pipeline composed of solar, agri-voltaic, and storage plants. I’ d really thank our entire Futura Team, without his support we would never have achieved these results”.
Paola Garibotti, Regional Manager Northwest at UniCredit, stated: "With the first pioneering project financing in Italy, to support the construction of an advanced agrivoltaic plant integrated with a BESS system, UniCredit confirms its concrete commitment to the transition to a green and sustainable economy by providing both financial and advisory support to customers who want to invest in transforming their production model. We actively support, with innovative green finance solutions, clients who intend to invest in the transformation of their production model, contributing to a more responsible future. This transaction in favor of the Futura Group demonstrates our commitment to providing the communities in which we operate with the tools for success, providing innovative financial solutions capable of generating a positive impact on the country's energy independence, in line with the objectives of European and national programs".
Contact
Media Relations
e mail: mediarelations@unicredit.eu
UniCredit provides €62.9 million in green financing to GRV Assets 2 with SACE guarantee for the construction of six agri-solar plants in Basilicata, Puglia and Sicily
PRESS RELEASE
13 October 2025
The financial structure adopted is a grid-parity mini-perm project financing green loan, divided into several credit lines.
Once operational, by 2026, the plants will produce 114 GWh of clean energy per year, in line with the objectives of the Green New Deal.
Milan, 13 October 2025 - UniCredit has financed GRV Assets 2 S.r.l., a company wholly owned by GR Value S.p.A., with a €62.9 million mini-perm project financing green loan.
The loan, certified green in accordance with the Green Loan Principles and benefiting from the SACE green guarantee, is intended to support the costs of construction and commissioning of six new solar renewable energy plants located in Basilicata, Puglia and Sicily.
The portfolio has a total installed capacity of over 60 MWp and an expected annual production of approximately 114 GWh, capable of covering the annual energy needs of over 42,000 Italian households.
Once operational, the plants will prevent climate-changing emissions of over 30,000 tons of CO₂ equivalent per year. Considering that the plants will have a useful life of around 30 years, this will correspond to a saving of over 800,000 tons of CO₂ equivalent that will not be emitted into the atmosphere.
The transaction, a mini-perm project financing green loan structured around various cash and signature credit lines for grid parity greenfield solar projects, was structured by UniCredit in its capacity as Global Coordinator & Bookrunner, Structuring Mandated Lead Arranger, Original Lender and Hedging Bank, Agent Bank, SACE Agent and Account Bank.
Thanks to their positive impact in terms of climate change mitigation and increased national energy security, these energy assets are in line with the objectives of the EU Green New Deal and are supported by the green guarantee of SACE, the Italian insurance and financial group controlled by the Ministry of Economy and Finance, specialized in supporting businesses and the national economy and plays a central role in the implementation of the Green New Deal in Italy.
The plants are currently under construction and are expected to be operational by 2026. The energy produced will be sold to a leading national player in the energy sector with an investment grade rating, based on a 20-year PPA.
Gianluca Veneroni, CEO of GR Value, said: "This important new financing operation in support of the route-to-market of our pipeline of wind, solar and storage systems consolidates a mutually satisfactory relationship with UniCredit and a well-established path towards achieving the objectives set out in our business plan. This transaction involves a leading Italian bank offering innovative green finance solutions, with the fundamental support of SACE, and confirms the GR Value team's ability to deliver challenging projects quickly and effectively. All this at such a delicate moment in history, when the fight against climate change and energy independence are increasingly becoming strategic objectives to be achieved with the highest priority. We are therefore proud to be able to contribute through our projects to the energy transition of Italy and Europe towards a more secure and sustainable energy future”.
Marica Campilongo, Head of Large Corporates at UniCredit Italy, said: “UniCredit has made a concrete commitment to the transition to a green and sustainable economy by providing both financial and advisory support to customers who want to invest in transforming their production model. This latest transaction in favor of the GR Value group demonstrates our shared commitment to the company's growth path and our desire to provide customers with innovative, tailor-made solutions that can also have a positive impact on the country's energy independence and stability through renewable energy sources and long-term storage systems, in line with European and national programs."
UniCredit was assisted by Legance - Avvocati Associati as legal advisor, while Vector Renewables S.r.l. and Marsh S.p.A. acted as technical-environmental and insurance advisors, respectively. KPMG Advisory S.p.A. acted as model auditor. GR Value was assisted with the financing documents, corporate aspects and project contracts by the Energy team at Gitti and Partners.
Enquiries:
Media Relations: mediarelations@unicredit.eu
UniCredit receives its second single-A rating as S&P upgrades the issuer rating to A-, one notch above the sovereign
PRESS RELEASE
09 October 2025
PRICE SENSITIVE
The rating agency Standard & Poor’s (“S&P”) has today upgraded UniCredit SpA’s Issuer Credit Rating (“ICR”) and Senior Preferred rating by one notch to ‘A-’ and assigned a Stable outlook.
This is the second upgrade by S&P this year and the rating has now been improved to one notch above the Italian sovereign.
In S&P’s view, UniCredit has strengthened its business and financial profile and its buffer of bail-inable subordinated debt, leading to an ‘A’ “underlying” rating capped at ‘A-’, one notch above the sovereign. The bank benefits from a strong geographically diversified franchise, robust profitability, sound asset quality and ample liquidity.
The Stand-Alone Credit Profile has been upgraded to ‘a-’, while Long- and Short-Term Resolution Counterparty Ratings have been upgraded to ‘A’ and ‘A-1’, respectively.
The Short-Term Issuer Credit Rating has been affirmed at ‘A-2’.
The full text of S&P’s press release is available on the rating agency’s website: https://www.spglobal.com/ratings/en/
Milan, 9 October 2025
Contacts
Media Relations: e-mail MediaRelations@unicredit.eu
Investor Relations: e-mail InvestorRelations@unicredit.eu
UniCredit Foundation steps into a transformative chapter: new Board, new website, new opportunities for Europe’s next generation
PRESS RELEASE
29 September 2025
Over €30 million confirmed for education in 2025, of which more than €1.7 million already allocated to supporting European talent
UniCredit Foundation has renewed its Board of Directors with the appointment of its new members. The Board will continue to be chaired by Andrea Orcel, CEO and Head of Italy of UniCredit Group, with Giorgio Barba Navaretti, Professor of Economics at the University of Milan, confirmed as Vice President and Joanna Carss, Head of Group Stakeholder Engagement at UniCredit Group, as a member.
Joining the Board are two new members:
Michael Spence, President & Provost of UCL and an internationally recognised leader in higher education and philanthropy
Dr. Simona Costanzo Sow, Chief of Academic Partnerships at the United Nations System Staff College, with extensive expertise in education, sustainable development and global partnerships
The Board has been streamlined from nine to five members, reflecting the Foundation’s intention to create a more agile and cohesive governance body, able to convene more easily, foster effective discussion and take timely, collective decisions to maximize impact.
Building on the €54 million already dedicated between 2022 and 2024, the renewed Board has confirmed a €30 million budget for education. This marks a new chapter of even greater ambition for the Foundation’s mission.
In execution of the renewed mandate, In September 2025, UniCredit Foundation launched the first four calls for applications, worth a total of €1.7 million, to support scholarships and research opportunities across its European countries. While scholarships are not the sole focus of the Foundation’s mission, they represent a key element of its wider commitment to unlock the potential of Europe’s next generation. These initiatives will enable talented students and researchers to study at leading international universities, while also making academic positions in Europe more attractive through salary top-ups. The number of return fellowships has been increased from 5 to 7, with up to two dedicated to Central and Eastern Europe. With more grants than last year and a stronger focus on Eastern Europe, the initiative continues to support Europe’s brightest talent, encouraging brain gain and reinforcing local excellence.
Silvia Cappellini, General Manager at UniCredit Foundation, commented: “At UniCredit Foundation, we believe education is the most powerful driver of progress. With €30 million confirmed for 2025, and over €1.7 million already dedicated to scholarships and research, we are creating real opportunities for Europe’s next generation. A leaner Board and a stronger focus will allow us to act faster and make an even greater impact.”
As part of this broader evolution, UniCredit Foundation has also launched its renovated website, redesigned with fresh storytelling, updated content and a more intuitive user experience to better showcase projects, stories and results.
To explore the Foundation’s new website and learn more about the new Board as well as full details of the calls for applications, click here.
Contact
Media Relations
mediarelations@unicredit.eu
Concluded the first tranche of the Share Buy-back 2024 Residual. Update on the execution of the share buy-back programme during the period from 22 to 26 September 2025
PRESS RELEASE
29 September 2025
PRICE SENSITIVE
Milan, 29 September 2025 - UniCredit S.p.A. (the “Company” or “UniCredit”) announces the completion on 26 September 2025 of the share buy-back programme communicated to the market on 24 July and initiated on 25 July 2025, as per the authorisation granted by the Shareholders’ Meeting held on 27 March 2025 (the “First Tranche of the SBB 2024 Residual”).
Based on the information received from BNP Paribas SA as intermediary in charge of executing, in full independence (so-called “riskless principal” or “matched principal”), the First Tranche of the SBB 2024 Residual, UniCredit informs, pursuant to art. 2, paragraph 3, of the Delegated Regulation (EU) 2016/1052, that it has carried out the transactions indicated below.
The chart below provides aggregate details of the daily purchases of UniCredit ordinary shares (ISIN IT0005239360), made from 22 September to 26 September 2025.