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UCG Unicredit Spa

34.195
-0.705 (-2.02%)
03 May 2024 - Closed
Delayed by 15 minutes
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 Aims to Sell Leasing, WealthCap Services in Germany -Reuters

23/09/2020 9:21am

Dow Jones News


Unicredit (BIT:UCG)
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From May 2019 to May 2024

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--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.

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