BA-CA sells Croatian subsidiary HVB Splitska banka
- The buyer is Société Générale, the French banking group
- BA-CA will assume responsibility for UniCredit Group’s Zagrebačka banka
Bank Austria Creditanstalt (BA-CA), a member of UniCredit Group since November 2005, sells its Croatian banking subsidiary HVB Splitska banka to Société Générale, the French banking group. The agreement was signed on 20 April in Vienna. The transaction is subject to approval by the competent authorities and is expected to be completed by June 2006. The price of the transaction is around EUR 1.0 billion.