UniCredit strengthens its strategic alliance with Kepler Cheuvreux
UniCredit to increase its stake to 10%

Milan 27 June 2018 – UniCredit (acting through UniCredit Bank AG) today announced that, following seven years of highly successful partnership in equity capital markets (ECM) activities, it will increase its strategic stake in Kepler Cheuvreux, the leading Pan European equity house, from 5.2 to 10.3 per cent. This increase will take place in the context of the reorganisation of Kepler Cheuvreux’ shareholding structure and it is subject to regulatory approval.

Thanks to the cooperation with Kepler Cheuvreux, UniCredit has constantly improved its leadership position in equity capital markets with access to best in class research and a distribution platform covering the largest investor base worldwide. In 2018 so far, UniCredit has played a leading role in key transactions such as: the EUR 1.45 billion IPO of DWS, the second largest ever IPO of an asset manager in Europe and the largest equity offering of a financial institution in Europe in 2018 (year to date); the EUR 1 billion primary accelerated bookbuilding (ABB) of Vonovia SE – the largest ABB bookrun by UniCredit in Germany; as well as the EUR 110 million Gabelli Value for Italy SPAC IPO – the first SPAC (special purpose acquisition company) executed by UniCredit in its core markets.

Furthermore, UniCredit’s clients also benefit from access to Kepler Cheuvreux’ broad multi-local equity platform for marketing to institutional investors and executing placements as well as being able to leverage their extensive first-class research coverage.

Olivier Khayat, Co-Head of Corporate and Investment Banking (CIB) at UniCredit, commented: “We have decided to increase our stake in Kepler Cheuvreux to 10.3 per cent to further emphasise the success and importance of this strategic alliance and demonstrate our continued commitment to providing our clients with best in class access to equity capital markets as part of our efforts and focus on being a true pan European winner. This has been a highly successful partnership since 2011 and we look forward to it continuing the same way in the future.”

About UniCredit
UniCredit is a simple successful Pan European Commercial Bank, with fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise: 25 million clients.
UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 14 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

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