UniCredit : and BNP Paribas reach joint understanding on sale of 81.4% majority shareholding in DAB Bank AG

UniCredit S.p.A. and UniCredit Bank AG inform that UniCredit Bank AG's Management Board and BNP Paribas S.A. have reached a joint understanding on the sale of UniCredit Bank AG's 81.4% shareholding in DAB Bank AG.

The agreed consideration amounts to € 4.78 per share, valuing the UniCredit Bank AG stake at approximately € 354 million (€435 million for the 100% of DAB).

The execution of final documentation remains subject to approval by UniCredit Bank AG's Supervisory Board. Closing of the transaction will be subject to the approval of the relevant authorities.

Following the completion of the disposal, both UniCredit and UniCredit Bank AG will book a positive net impact of approximately €180 million on the consolidated Profit and Loss, with a benefit of approximately 8 bps for UniCredit Group's Common Equity Tier 1, Basel 3 fully phased, and approximately 43 bps for UniCredit Bank AG.

Milan/Munich, 31 July 2014