Skip to:
  1. Home
  2. Press & Media
  3. Press Releases - Price sensitive
  4. 2007
  5. UniCredit acquires a minority shareholding of Banco Sabadell
Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Sender:

Recipient (e-mail address):

UniCredit acquires a minority shareholding of Banco Sabadell

Ad-hoc-Meldung / Ad hoc Release
nach § 15 WpHG / pursuant to § 15 of the German Securities Trading Act


UniCredit acquires a minority shareholding of Banco Sabadell

UniCredit informs that it has acquired a 4% shareholding of Banco Sabadell for a consideration of approximately €416 million. Such investment strengthens the excellent relationship built between the two Groups which has led to the execution of a commercial agreement between Banco Sabadell (Solbank) and HypoVereinsbank for the mutual cross selling, in each respective country, of products and services of the other bank. Besides this agreement, Banco Sabadell and UniCredit are also actively seeking opportunities to develop further co-operation agreements in a number of other commercial areas with the objective to maximize value creation for their respective shareholders.

The investment effected by UniCredit in the share capital of Banco Sabadell is to be considered as a pure financial investment.

Banco Sabadell is the fourth largest Spanish banking group (seventh largest including Cajas). With total assets of approximately €73 billion as of 31 December 2006 and a current market capitalization of over €10 billion, Banco Sabadell has a staff of approximately 10,100 employees and approximately 1,200 branches focused mainly on the financial needs of small and medium sized companies, professionals and mid to high income individuals.

With a current market capitalization of approximately €79 billion, ranking among the top financial groups in Europe, UniCredit has a presence in 20 countries worldwide, with over 35 million clients and 7,200 branches, approximately 142 thousand employees and total assets of approximately €823 billion as of 31 December 2006.


Milan, 10 May 2007
UniCredito Italiano S.p.A.
Via San Protaso 1/3
20121 Milano
Italien

Securities listed on German regulated markets:
ISIN IT0000064854
WKN: 850832
Listed: Official Market (Amtlicher Markt), Frankfurt Stock Exchange (General Standard)



Enquiries:

Media Relations:
+39 02 88628236; e-mail: MediaRelations@unicreditgroup.eu
Investor Relations:
+39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu