UniCredit and BA-CA take key steps for organisation of CEE business

  • UniCredit transfers its CEE banking shareholdings to BA-CA (including Turkey, excluding Poland)
  • BA-CA sells Polish subsidiary Bank BPH to UniCredit

Today, the Board of Directors of UniCredito Italiano S.p.A. (“UniCredit”) and the Supervisory Board of Bank Austria Creditanstalt AG (“BA-CA”) have respectively adopted two resolutions on the basis of which:

  • BA-CA will sell the 71.03% shareholding it currently owns in Bank BPH S.A.’s (“BPH”)   share capital to UniCredit (“BPH Transfer”), and
  • UniCredit will contribute to BA-CA a business unit (“CEE Business Unit”) comprising its banking shareholdings in Central and Eastern Europe (“CEE”), excluding Poland, in exchange for newly issued BA-CA shares.

 IR Release download (142 KB)