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.

HVB agrees to transfer BA CA to UniCredit

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

HVB agrees to transfer BA CA to UniCredit

Today the Management Board of HVB agreed to transfer its shareholding of 77.53% in its Austrian subsidiary Bank Austria Creditanstalt (BA-CA) to UniCredit at a price of €109.81 per share which is equivalent to a total cash consideration of approximately €12.5 billion.

The Management Board of HVB has also approved the sale of HVB's 100% shareholding in HVB Latvia to BA-CA for a cash consideration of €35 million, plus the capital increase of HVB Bank Latvia of around €40 million subscribed by HVB in August 2006.

The sale of BA-CA to UniCredit and the sale of HVB Bank Latvia to BA-CA are no longer subject to conditions precedent. The remaining transfers approved by HVB's Extraordinary Shareholders' Meeting of October 25, 2006, i.e. the transfer of HVB's shareholding in HVB Bank Ukraine to UniCredit, Bank Pekao or to Bank Pekao's Ukrainian subsidiary UniCredit Bank Ltd, the transfer of HVB's shareholding in International Moscow Bank to BA-CA and the transfer of the assets and liabilities of HVB branch offices in Estonia and Lithuania to HVB Bank Latvia are still subject to certain regulatory approvals which are expected in the near future.


Milan, January 9, 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