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UniCredit net profit hits $588mUniCredit yesterday reported a bigger than expected net profit in the first quarter thanks to lower bad debt provisions, a sign there might be light at the end of the tunnel soon for Italy's biggest bank by assets. UniCredit&# More… |
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Some senior executives leave Aabar: ReportAbu Dhabi's Aabar Investments, the top shareholder in Italian bank UniCredit, has lost its chief financial officer and another top executive, sources familiar with the matter said. The move More… |
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IPIC books $3.5bn loss on Daimler, UniCreditAbu Dhabi's state-owned International Petroleum Investment Co posted a $3.42 billion loss on stakes in automaker Daimler and Italian bank UniCredit in 2011, all but wiping out its profit. IPIC, which reported a 97 percent drop in 2011 net More… |
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Aabar boosts stake in top Italian bankAbu Dhabi sovereign wealth fund Aabar Investments has increased its stake in Italian bank UniCredit to 6.5 per cent by exercising a call option, market regulator Consob said. Aabar previously had 4.99 per cent of UniCredit, Consob said. More… |
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Aabar to increase UniCredit stake to 6.5 pcAbu Dhabi's investment vehicle Aabar on Tuesday said it will raise its stake in UniCredit to 6.5 percent once the Italian lender's capital increase is completed. Aabar Luxembourg, a subsidiary of the sovereign wealth fund, has ent More… |
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Shareholders eye UniCredit capital pushItalian lender UniCredit's 7.5 billion euro ($9.6 billion) capital increase will likely be taken up by 90-95 per cent of shareholders, a source at one of the deal's 27 underwriters said. UniCredit's deeply discounted rights issue, designed More… |
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Libya cbank moves to defuse UniCredit rowLibya's central bank on Monday sought to deflect criticism from Italian politicians and a top shareholder about its stake-building in UniCredit SpA. The accumulation by the central bank of a 4.988 percent stake - the thi More… |
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Aabar buys Italian bank stake worth $2.48bnAbu Dhabi's Aabar has bought a 4.99 per cent stake in UniCredit, one of Italy's biggest banks, Mohamed Badawy Al-Husseiny, the chief executive of the sovereign wealth fund, said on Thursday. The stake is worth about 1.85 billion eu More… |
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Aabar buys $63m UniCredit securitiesAbu Dhabi's Aabar Investments has bought 49.8 million euros ($63.12 million) of convertible bonds in Italy's UniCredit. The securities, exchangeable into ordinary shares of Italy's second-biggest bank by market value, will pay a quart More… |
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Aabar, UniCredit in talks on capital moveAbu Dhabi's Aabar Investments is in talks to subscribe to about 60 million euros ($77.5 million) of UniCredit SpA's 3 billion euro capital-strengthening measure, an Aabar official said on Friday. 'We are in discussions, evaluat More… |
