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Gulf firms approach Italy to buy UniCredit's Russia business, document shows https://t.co/GU2eE6D0uw https://t.co/GU2eE6D0uw
Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit at a steep discount, a document seen by Reuters showed. https://t.co/lJ9P9Drpsz
United Arab Emirates-based companies have reached out to Italy’s government with plans for a possible bid for Italian lender UniCredit’s Russia unit https://t.co/0tSN5f8xUr
Italian bank UniCredit has offered concessions to the European Commission in an effort to secure antitrust approval for its acquisition of Banco BPM, according to an updated filing on the European Commission website. Separately, three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to purchase UniCredit's Russian operations at a steep discount. These developments indicate ongoing strategic moves by UniCredit to finalize its Banco BPM deal while potentially divesting its Russian assets to Gulf-based investors.
