After receiving the necessary approvals, UniCredit S.p.A. and UniCredit Bank AG inform that UniCredit Bank AG and BNP Paribas S.A. have closed today the sale of UniCredit Bank AG's 81.4% shareholding in DAB Bank AG.
On 31 July 2014, UniCredit Bank AG's Management Board and BNP Paribas S.A. already agreed on the sale of the majority holding in DAB Bank AG. The final sales contracts were signed by UniCredit Bank AG and BNP Paribas S.A. on 5 August, following the approval of UniCredit Bank AG 's Supervisory Board.
The agreed consideration amounts to € 4.78 per share, valuing the UniCredit Bank AG stake at approximately € 354 million (€435 million for the 100% of DAB).
Following the agreement, UniCredit books a positive net impact of approximately €180 million on the consolidated Profit and Loss, with a benefit of approximately 8 bps for UniCredit Group's Common Equity Tier 1.
Milan, 17 December 2014