UniCredit Bank AG and BNP Paribas SA have reached an agreement for the sale of the majority stake equal to 81,4% of the capital of DAB Bank AG held by UniCredit Bank AG. The agreed price is €4,78 per share, corresponding to a valuation of the investment of €354 million (€435 million for 100% of DAB).
Finalization of the documentation is subject to the approval of the SupervisoryBoard of UniCredit Bank AG. The completion of the transaction will be subject to the approval of the competent authorities.
It is expected that upon completion of the sale, UniCredit and UniCredit Bank AG will record a positive impact of approximately €180 million on consolidated net income and an increase in Common Equity Tier 1 (Basel 3 fully operational) of approximately 8 bps for UniCreditGroup and approximately 43 bps for UniCredit Bank AG.
