BA-CA Managing Board passes resolution to increase BA-CA's share capital
Date of entry: 4 December 2006
BA-CA to take over CEE banking subsidiaries of UniCredit
- BA-CA Managing Board passes resolution to increase BA-CA's share capital
- Transaction planned for the first quarter of 2007
At today's meeting the Managing Board of Bank Austria Creditanstalt AG has passed a resolution – subject to approval by the Supervisory Board – to increase BA-CA's share capital by issuing 55 million new shares against a contribution in kind at the issue price of EUR 105.33 per share. The new shares do not carry dividend rights with respect to the financial year ending 31 December 2006.
The contribution in kind comprises the CEE banking subsidiaries of UniCredit in Bulgaria, Croatia, the Czech Republic, Romania, Slovakia and Turkey.
The capital increase will probably be carried out in the first quarter of of 2007.
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