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UniCredit opens new branch in Abu DhabiUniCredit, pan-European commercial bank, today announced the opening of a new Corporate and Investment Banking (CIB) branch in Abu Dhabi, the capital of UAE. The branch will support further enhancement of cross More… |
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‘UniCredit bonds not an exit from bank investment’: AabarAbu Dhabi fund Aabar Investments said its sale of €2 billion ($2.2 billion) of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances. Aabar More… |
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Aabar to raise $2.2bn via UniCredit exchangeable bondsAbu Dhabi's Aabar Investments could raise up to 2 billion euros ($2.2 billion) by launching bonds exchangeable into shares of Italian bank UniCredit, to raise funds and help buy back a Daimler exchangeable bond. Aabar, which o More… |
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Aabar readies bond exchangeable into Unicredit stockAbu Dhabi's Aabar Investments is preparing a bond that can be exchanged for shares in Italian bank UniCredit SpA, a source familiar with the matter said on Monday. A spokesman for Aabar, which has a stake of just over 5 per ce More… |
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Qatar acquires landmark Milan business districtQatar's sovereign fund will become sole owner of a prime real estate area in Milan, which has a market value of more than 2 billion euros ($2.25 billion) and is home to the new high-rise headquarters of Italy's UniCredit . More… |
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Italian bank UniCredit plans 2,400 job cutsItaly'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 More… |
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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… |
