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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Unicredit Spa | BIT:UCG | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.705 | -2.02% | 34.195 | 34.15 | 34.41 | 35.12 | 33.845 | 35.005 | 8,554,215 | 17:00:00 |
--UniCredit SpA is seeking to sell its German leasing operations and WealthCap, a Munich-based real estate investment subsidiary, Reuters reports citing two sources familiar with the matter.
--The Italian bank's leasing business in Germany has an equity value of around 500 million euros ($585.4 million), the news outlet says, citing one of the sources, while WealthCap's enterprise value is estimated at EUR150 million to EUR200 million, according to Reuters.
--The decision comes amid a restructuring where assets are shed in order to bolster financial strength and clean up the balance sheet, the news outlet says.
Full story: https://reut.rs/3iYJFc4
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
September 23, 2020 04:06 ET (08:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Unicredit Chart |
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