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)