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UniCredit and BNP Paribas have signed definitive agreements on the sale of the 81.4% majority shareholding in DAB Bank AG

 

Further to the joint understanding reached on 31 July 2014 and subsequent to the approval by UniCredit Bank AG's Supervisory Board, UniCredit Bank AG and BNP Paribas S.A. have executed definitive agreements on the sale of UniCredit Bank AG's 81.4% majority shareholding in DAB Bank AG. Closing of the transaction will be subject to the approval of the relevant authorities.

 

Terms and conditions of the transaction as well as positive impacts on UniCredit SpA and UniCredit Bank AG as announced on 31 July 2014 remain unchanged.

 

BNP Paribas has published its intention to launch a public takeover offer through a German subsidiary to all shareholders of DAB Bank AG other than UniCredit Bank AG for a consideration of €4.78 per share, which is equal to the consideration agreed between UniCredit Bank AG and BNP Paribas.

 

 

 

 

Milan / Munich, 05 August 2014