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UniCredit: UniCredit enters into additional instruments relating to Commerzbank shares and increases aggregate position to ca. 28%

2024-12-18 08:45
publikacja
2024-12-18 08:45
Spis treści:

1. RAPORT BIEŻĄCY

2. MESSAGE (ENGLISH VERSION)

3. INFORMACJE O PODMIOCIE

4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ


Spis załączników:
PR_UniCredit_enters_additional_instruments_on_Commerzbank_shares_18122024.pdf  (RAPORT BIEŻĄCY)

KOMISJA NADZORU FINANSOWEGO
Raport bieżący nr 115 / 2024
Data sporządzenia: 2024-12-18
Skrócona nazwa emitenta
UniCredit
Temat
UniCredit enters into additional instruments relating to Commerzbank shares and increases aggregate position to ca. 28%
Podstawa prawna
Inne uregulowania
Treść raportu:
Today UniCredit has entered into new financial instruments relating to Commerzbank shares, in line with its previously stated ambition to reach a 29.9% stake.
UniCredit’s overall position now totals circa 28%, of which 9.5% through a direct stake and circa 18.5% through derivative instruments.
UniCredit has submitted the necessary regulatory filings to acquire a stake in Commerzbank in excess of 10% up to 29.9%. The authorization process is now activated, and interactions with authorities ongoing.
UniCredit’s average entry price for the entire position is below current trading levels and fulfills the full financial metrics that we have committed to our shareholders to abide by.
UniCredit’s economic exposure is almost fully hedged, displaying prudency in approach and providing full flexibility and optionality.
This move reinforces UniCredit’s view that substantial value exists within Commerzbank that needs to be crystalized. It reflects the belief in Germany, its businesses and its communities, and the importance of a strong banking sector in powering Germany’s economic development.
The position remains at this time solely an investment and does not have any impact on the public exchange offer with Banco BPM.
The primary focus for UniCredit’s management team remains on the continued execution of UniCredit Unlocked and the delivery of sustainable profitable growth and distributions for shareholders. Indeed, this is where UniCredit continues to believe it can extract the most value for all its stakeholders.
Milan,18 December 2024
Contacts
Media Relations: e-mail MediaRelations@unicredit.eu
Investor Relations: e-mail InvestorRelations@unicredit.eu
Załączniki
Plik Opis
PR UniCredit enters additional instruments on Commerzbank shares 18122024.pdfPR UniCredit enters additional instruments on Commerzbank shares 18122024.pdf Press Release

MESSAGE (ENGLISH VERSION)

INFORMACJE O PODMIOCIE    >>>

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data Imię i Nazwisko Stanowisko/Funkcja Podpis
2024-12-18 Daniela Arienti Group Media Relations
Źródło:Komunikaty spółek (ESPI)
Tematy
Najtańsze rachunki dla firm. Sprawdź, gdzie nie przepłacisz
Najtańsze rachunki dla firm. Sprawdź, gdzie nie przepłacisz

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