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    UCG   IT0005239360

UNICREDIT S.P.A.

(UCG)
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UniCredit S p A : underpins Crédit Agricole's re-focused business strategy in Central and Eastern Europe as strategic partner

10/14/2021 | 03:42am EST

Building on the Group's long-lasting relationship with Crédit Agricole SA, UniCredit recently undertook a new opportunity to support the French bank in its ongoing strategy of divesting some non-core Central and Eastern European assets.

The story of this latest transaction can be traced back through a series of projects, starting in 2014 when UniCredit acted as an exclusive financial advisor to Crédit Agricole SA in the disposal of 100% stake in its Bulgarian subsidiary to Corporate Commercial Bank AD, the fourth largest bank in Bulgaria. The deal was executed by the Corporate Finance Advisory team in less than six months despite the backdrop of a difficult external M&A environment for banks in Bulgaria and the wider region. In 2015, Crédit Agricole Albania was sold to Tranzit Sh.k.p, an Albanian non-banking financial institution owned by investment funds managed by NCH Capital. Once again, UniCredit advised Crédit Agricole SA in a very complex South East European market.

Following the success of these early mandates, just last month UniCredit led the sale process of another cross-border banking platform, Crédit Agricole Bank Romania, to VISTA Bank, owned by Greek Vardinogiannis Group, one of the largest industrial conglomerates in South-eastern Europe. The transaction attracted interest from a wide spectrum of strategic and financial investors.

In each case, UniCredit leveraged on its expertise in Central and Eastern Europe to provide the client with strong guidance and support, largely thanks to the capabilities of a market-leading CE&EE FIG M&A advisory team to execute complex regional exit and entry processes through multiple jurisdictions.

Disclaimer

UniCredit S.p.A. published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2021 07:41:08 UTC.


© Publicnow 2021
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Sales 2021 17 738 M 20 119 M 20 119 M
Net income 2021 1 461 M 1 657 M 1 657 M
Net Debt 2021 - - -
P/E ratio 2021 17,0x
Yield 2021 4,54%
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Capi. / Sales 2022 1,46x
Nbr of Employees 82 107
Free-Float 88,7%
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 11,55 €
Average target price 13,75 €
Spread / Average Target 19,1%
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Andrea Orcel Chief Executive Officer
Stefano Porro Group Chief Financial Officer
Pietro Carlo Padoan Chairman
Ranieri de Marchis Co-COO & General Manager
Carlo Vivaldi Co-Chief Operating Officer
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