Ad-hoc-Meldung / Ad hoc Release
nach § 15 WpHG / pursuant to § 15 of the German Securities Trading Act
Formal integration process at UniCredit Group to be concluded in May - Chief Integration Officer Herrlein leaves UniCredit
UniCredit Group will be concluding the integration process of HypoVereinsbank, Bank Austria Creditanstalt as well as their subsidiaries significantly earlier than planned.
Since the combination was legally enacted in November 2005, Group-wide standardised management and governance structures with uniform processes, common platforms and product factories have been implemented under the direction of the Integration Office. The Group has hence created all the necessary pre-conditions to realise both the synergy potential derived from the business combination, and as a sustained improvement in its ability to create value.
The Integration Office will be closed as early as in May, and the responsible divisions will directly implement any remaining integration tasks that still need to be completed.
With the closure of the Integration Office, Franz Herrlein will give up his function as Chief Integration Officer and leave the Group.
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