Today the Management Board of HVB agreed to transfer its shareholding of 77.53% in its Austrian subsidiary Bank Austria Creditanstalt (BA-CA) to UniCredit at a price of €109.81 per share which is equivalent to a total cash consideration of approximately €12.5 billion.
The Management Board of HVB has also approved the sale of HVB’s 100% shareholding in HVB Latvia to BA-CA for a cash consideration of €35 million, plus the capital increase of HVB Bank Latvia of around €40 million subscribed by HVB in August 2006.
The sale of BA-CA to UniCredit and the sale of HVB Bank Latvia to BA-CA are no longer subject to conditions precedent. The remaining transfers approved by HVB’s Extraordinary Shareholders’ Meeting of October 25, 2006, i.e. the transfer of HVB’s shareholding in HVB Bank Ukraine to UniCredit, Bank Pekao or to Bank Pekao’s Ukrainian subsidiary UniCredit Bank Ltd, the transfer of HVB’s shareholding in International Moscow Bank to BA-CA and the transfer of the assets and liabilities of HVB branch offices in Estonia and Lithuania to HVB Bank Latvia are still subject to certain regulatory approvals which are expected in the near future.
These assessments are subject to the following disclaimer:
Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. UniCredito Italiano S.p.A. assumes no obligation to update any information contained herein.
Milan, January 9, 2007
UniCredito Italiano S.p.A.
Via San Protaso 1/3
20121 Milano
Italien
Securities listed on German regulated markets:
ISIN IT0000064854
WKN: 850832
Listed: Official Market (Amtlicher Markt), Frankfurt Stock Exchange (General Standard)
