Following the signing of the agreements on 7 July 2023 regarding Incontra Assicurazioni S.p.A. ("Incontra" or the "Company"), an Italian P&C insurance company, UniCredit successfully finalized two concurrent transactions aimed at simplifying the current bancassurance set-up:
- Acquisition from UnipolSai Assicurazioni S.p.A. of 51% of the issued share capital of Incontra;
- Disposal to Allianz S.p.A. of 50% of the issued share capital of Incontra.
As a result, UniCredit S.p.A. participation in Incontra has grown from 49% to 50% of the issued share capital.
Milan, 1 December 2023
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