UniCredit Is Preparing to Leave Russia: Putin Allowed the Sale of the Bank
11 Articles
11 Articles
UniCredit obtained authorization from the Russian authorities to reorganize and sell Youni Bank Credit, and an Italian group previously announced a preliminary agreement with a private investor from UAE.
Russian President Vladimr Putin on Monday authorized the reorganisation of the Russian division of Italy's second-biggest bank UniCredit. (ANSA)
Vladimir Putin approved the reorganization of the Russian Union Credit Bank and the purchase of shares belonging to the Italian Group UniCredit. The order of 5 October was published on the official legal information portal. "To permit the reorganization of the Union Credit Bank joint-stock company in the form of the allocation of the economic company to its sole shareholder," is noted in the text of the order. The document also approves the purc…
Russian President Vladimir Putin allowed the Italian group UniCredit to restructure the Russian subsidiary bank and deal with its shares, an order published on the official Internet legal information portal. Early in May, UniCredit announced plans to split the Russian business and sell part of it to an investor from the United Arab Emirates (UAE).
Russian President Vladimir Putin has approved the reorganization of the Russian subsidiary of the Italian bank UniCredit and the subsequent sale of the new entity created as a result of the reorganization process, according to a decree published on Monday on the website of the Russian Government, transmits Agerpres. The reorganization and sale required the approval of the president, in accordance with the restrictions imposed by Russia on transa…
Putin has approved the restructuring of UniCredit's Russian subsidiary and the sale of the new unit. The approval was granted under Russia's restrictions on the transfer of assets from unfriendly countries; UniCredit had signed a non-binding agreement in May for the sale to an investor from the UAE.
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