Skip to:
  1. Home
  2. Press & Media
  3. Press Releases - Price sensitive
  4. 2022
  5. UniCredit successfully finalised two transactions to rationalise the shareholding with CNP Assurances
Print
Send
Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Sender:

Recipient (e-mail address):

Cross

UniCredit successfully finalised two transactions to rationalise the shareholding with CNP Assurances

 

Following the signing of the two share purchase agreements on July 27, UniCredit successfully finalized the two transactions to rationalize the shareholding with CNP Assurances:

 

-        Sale of the entire 49% stake in CNP Vita Assicura S.p.A. for €500m to CNP Assurances;

-        Acquisition of 6.5% of CNP UniCredit Vita S.p.A. from CNP Assurances for €70m, increasing UniCredit's stake from 38.8% to 45.3%, with CNP Assurances keeping a majority shareholding equal to 51%.

 

The transactions will have a positive impact in 4Q 2022 of circa 8 bps on CET1 ratio (based on data as of 30 September 2022) and circa Euro 195 million on net profit1.

 

 

 

Milan, 26 October 2022

 

 

Contacts

 

Media Relations

mediarelations@unicredit.eu

Investor Relations

investorelations@unicredit.eu

 

 

 

1Impact on net profit entirely coming from the sale of CNP Vita Assicura S.p.A.