Il Abu Dhabi sovereign wealth fund Aabar to increase its stake in Unicredit up from 4,99 to 6,5% by the end of the 7,5 billion capital increase. This was communicated in a note by the Fund itself, which also explains that the subsidiary Aabar Luxembourg has already started a series of operations for the purchase of subscription rights to the increase.
“We intend to participate in the capital increase and we will actively support UniCredit's management – said the chairman Khadem Al Qubaisi -. This additional investment in UniCredit confirms our support to the bank and management in successfully navigating through market uncertainties. We think the success of the current capital increase will help strengthen UniCredit's capital base and lead to a more positive outlook for the future”.
At 13 pm Unicredit gains 30% on the stock exchange, leading the Ftse Mib stocks.
