In line with the strategy to reduce the intragroup exposure, UniCredit announces that it has sold USD 200million of the AT1 Notes issued by Yapi. This follows the completion of the period of 180 days from the issue date of the AT1 Notes in which it was agreed with the issuer that UniCredit would not sell any of the AT1 Notes purchased by UniCredit in the initial offering.
The economic impact of the disposal of the AT1 Notes will be reflected in the third quarter 2019 financial statements and is considered to be non-material.
Milan, August 7, 2019
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