Wednesday 20 August 2014
 
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UniCredit

Italian bank UniCredit plans 2,400 job cuts

Italy's UniCredit has reached a deal with unions to cut 2,400 jobs, the sector's main union FABI said, in the first stage of workforce reductions foreseen in the bank's 2013-18 restructuring plan. The country's big

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UniCredit net profit hits $588m

UniCredit 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&#

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Some senior executives leave Aabar: Report

  Abu 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

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IPIC books $3.5bn loss on Daimler, UniCredit

Abu 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

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Aabar boosts stake in top Italian bank

Abu 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.

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Aabar to increase UniCredit stake to 6.5 pc

Abu 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

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Shareholders eye UniCredit capital push

Italian 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

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Libya cbank moves to defuse UniCredit row

Libya'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

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Aabar buys Italian bank stake worth $2.48bn

Abu 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

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Aabar buys $63m UniCredit securities

Abu 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

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