Cash Consideration for the BA-CA Squeeze-out Set at Euro 129.4 per Share
Date of entry: 26 March 2007
Today, UniCredito Italiano S.p.A. ("UniCredit") and the management board of Bank Austria Creditanstalt AG ("BA-CA") have determined the adequate cash compensation to be paid in the context of envisaged BA-CA squeeze-out to amount to Euro 129.4 for each of the 7,374,016 outstanding bearer share, representing approximately 3.65% of BA-CA’s entire share capital. This corresponds to a total cash compensation of approximately Euro 950 million.
The squeeze-out compensation has been determined on the basis of an expert report prepared by Deloitte Valuation Services GmbH, Vienna, Austria, in accordance with the Austrian evaluation standard KFS BW1. A report on the adequacy of the determined cash compensation is expected to be issued by TPA Horwath Wirtschaftsprüfung GmbH, the independent auditor appointed by the competent commercial court of Vienna, by the end of this week.
BA-CA shareholders’ meeting is envisaged to take place on 3 May 2007 in order to resolve on the squeeze-out.
Investor Relations Bank Austria Creditanstalt
phone: +43 (0) 50505 - 58853
Vienna, prime market
Warsaw, main market
Largest bonds by volume issued:
ISIN: Stock exchanges:
xs 0211008544 Luxembourg
xs 0206399627 Luxembourg
Further stock exchanges where bonds are admitted to listing:
Vienna, Frankfurt, Paris, Amsterdam