Reuters logo
BRIEF-UniCredit sells Pekao stake for 2.4 bln euros
December 8, 2016 / 6:19 AM / a year ago

BRIEF-UniCredit sells Pekao stake for 2.4 bln euros

Dec 8 (Reuters) - UniCredit says:

* sells 32.8 percent of Bank Pekao to Poland’s PZU and PFR

* sells Bank Pekao stake for 123 zlotys per share, equivalent to around 2.4 billion euros at current exchange rates

* sale of Pekao stake to boost Cet 1 ratio by 55 basis points

* plans to sell remaining 7.3 percent stake in Bank Pekao on the market

* also agreed to transfer stakes in several polish companies to PZU and PFR for a total consideration of 634 million zlotys or around 142 million euros Further company coverage: (Reporting by Milan newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below