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UCG Unicredit Spa

36.295
0.205 (0.57%)
Last Updated: 08:28:03
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
  0.205 0.57% 36.295 36.29 36.30 36.48 36.17 36.225 1,383,595 08:28:03

UniCredit to Start EUR2.5 Billion Share Buyback Pending ECB Approval

24/10/2023 11:46am

Dow Jones News


Unicredit (BIT:UCG)
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From May 2023 to May 2024

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By Pierre Bertrand

 

UniCredit boss Andrea Orcel said the Italian bank will move on with the launch of the new tranche of its share buyback as soon as it gets European Central Bank approval.

Shareholders will vote Friday on whether to allow the bank to move forward with buying back up to 2.5 billion euros ($2.67 billion) of shares.

Assuming shareholders approve the measure, the remaining hurdle would be the green light from the ECB, Orcel said during a post-earnings analyst call.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

October 24, 2023 06:31 ET (10:31 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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