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23.01.2008

Deal of the Year Award for CEE insurance joint venture between Generali and PPF

At its annual awards ceremony, which took place in London yesterday night, Acquisitions Monthly magazine presented a "Deal of the Year" Award to the joint venture between Generali and PPF Holding in Central and Eastern Europe. UniCredit CAIB acted as Financial Advisor and Financing Mandated Lead Arranger to Generali spa. The transaction, which closed a few days ago, renders the two joint venture partners market leaders in the Emerging European insurance business.

Generali and PPF Holding had formed a joint venture into which each party contributed its CEE insurance business. Following a balancing payment to PPF, Generali became the 51% shareholder of the joint venture. UniCredit arranged two financing facilities for Generali, including a EUR 1.1bn financing facility and a EUR 2.1bn structured finance facility connected to the joint venture.

About UniCredit Markets & Investment Banking 
With a current market capitalization of approximately EUR 75bn (2 January 2008), ranking among the top financial groups in Europe, UniCredit has a presence in 23 countries, with over 40mn clients and 9,000 branches. Within the Group, the UniCredit Markets & Investment Banking division is the competence centre for global financial markets and investment banking services.
UniCredit Markets & Investment Banking maintains one of largest networks of all investment banks on the European continent and combines placement power with in-depth structuring know-how in the major markets as well as in the fast growing European emerging markets.

Contacts
Veronika Fischer-Rief
Product Press Relations
UniCredit Markets & Investment Banking
Bank Austria Creditanstalt AG
Tel. +43 50505-82833
veronika.fischer-rief@ba-ca.com