UniCredit to sell Russian bank assets to UAE investor
UniCredit will sell most of its Russian business to a UAE investor while keeping its payments arm. The deal should close in 2027 with a 3.3 billion euro hit.
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UNICREDIT SPA reached a non-binding agreement to sell parts of its Russian bank to a private investor in the United Arab Emirates. The deal follows pressure from the European Central Bank and a hostile bid for COMMERZBANK AG. The disposal will hit income by €3B to €3.3B but improve capital ratios by 35 bps without impacting shareholder returns.
