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UniCredit Agrees to Sell Parts of Russian Bank to UAE Investor
The bank will keep its payments arm and expects a 3 billion-euro profit hit as it exits most of its Russian business.
Summary by The Moscow Times
9 Articles
9 Articles
UniCredit to Sell Part of Russian Subsidiary to UAE Investor
UniCredit, Italy's second-largest bank, announced Thursday that it has reached a preliminary agreement to sell a portion of its Russian subsidiary to an undisclosed private investor in the United Arab Emirates.
·Amsterdam, Netherlands (Kingdom of the)
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The Italian bank Unicredit is approaching the sale of business units in Russia. The bank signed a non-binding agreement with a private investor from the United Arab Emirates.
Coverage Details
Total News Sources9
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
Factuality
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