Last --
Change Today 0.00 / 0.00%
Volume 0.0
UNCFY On Other Exchanges
Symbol
Exchange
Xetra
BrsaItaliana
BrsaItaliana
OTC US
OTC US
All times are local (Market data is delayed by at least 15 minutes).

unicredit spa-144a adr (UNCFY) Key Developments

Prelios, Fortress Reportedly In Discussion To Acquire Unicredit Credit Management Bank

Prelios S.p.A. (BIT:PRS) and Fortress Investment Group LLC (NYSE:FIG) are negotiating with UniCredit S.p.A. (BIT:UCG) to acquire Unicredit Credit Management Bank S.p.A., Reuters reported on November 27, 2014, citing a source close to the matter. The source said that further progress is still required, but another source told Reuters that the parties have ‘reached a deal’.

Fortress, Prelios Reportedly Near To Buy Unicredit NPL Unit

Fortress Investment Group LLC (NYSE:FIG) and Prelios S.p.A. (BIT:PRS) are close to an agreement to purchase the NPL unit UniCredit S.p.A. (BIT:UCG), wire services reported. The agreement will be reached in a few weeks, according to people with knowledge of the plan. Fortress is in exclusive talks buy Unicredit Credit Management Bank S.p.A. along with €2.5 billion in soured loans, is working out legal details of the deal, said two people who asked not to be identified because the matter isn’t public. Prelios has teamed up with Fortress on the transaction, has an option to buy 25% of the new company’s equity from Fortress when the deal goes through and may sell the stake to a third party, one of the people said. Fortress is offering €300 million for the servicing platform and about €250 million for the assets, a discount of 90% to the nominal value, the people said.

Unicredit Presents at FT Banking Summit 2014, Nov-26-2014 12:10 PM

Unicredit Presents at FT Banking Summit 2014, Nov-26-2014 12:10 PM. Venue: INTERCONTINENTAL LONDON PARK LANE, One Hamilton Place, London W1J 7QY, United Kingdom. Speakers: Jean Pierre Mustier, Deputy General Manager - Head of CIB Division.

UniCredit Reportedly Shortlists Three Bidders For Sale Of Former Milan Headquarters

UniCredit S.p.A. (BIT:UCG) has shortlisted three bidders to continue talks with for selling its former headquarters in Milan in a deal estimated to be worth nearly €400 million, reported business daily Il Sole 24 Ore quoting well-informed sources. Hines Interests Limited Partnership with Abu Dhabi Investment Authority; Prelios S.p.A. (BIT:PRS) teamed with London & Regional Properties Limited; and The Blackstone Group L.P. (NYSE:BX) are the three shortlisted candidates to buy UniCredit's Palazzo Broggi on Milan's Piazza Cordusio, which the banking group left after moving to UniCredit Tower in Milan. The three bidders left in the race plan to convert the building into a shopping mall, Il Sole said, quoting rumours.

UniCredit Reportedly Resumes Talks With Lone Star Funds For Unicredit Credit Management

UniCredit S.p.A. (BIT:UCG) has resumed talks with Lone Star Funds on the sale of its Unicredit Credit Management Bank S.p.A. as negotiations with a consortium made of Fortress Investment Group LLC (NYSE:FIG) and Prelios S.p.A. (BIT:PRS) are stalling, reported Reuters citing sources. UniCredit entered exclusive negotiations with Fortress and Prelios on October 24, 2014, hoping to seal the sale of its UniCredit Credit Management Bank (UCCMB) unit in a reasonable amount of time. The sources said, "However, the deadline to complete the exclusive talks expired two weeks ago without a deal, as UniCredit and the Fortress-led consortium could not reach agreement on some financial details." The sources said that in the meantime, UniCredit has restarted talks with Lone Star, which had also been shortlisted for the sale. One of the sources said that Fortress and Prelios remain in pole position for the deal. Sources said that UniCredit could pocket €700 million from the sale.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
UNCFY:US $0.00 USD 0.00

UNCFY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Capital One Financial Corp $83.23 USD -0.05
China Merchants Bank Co Ltd CNY15.34 CNY +0.58
Credit Suisse Group AG SFr.25.54 CHF +0.22
Standard Chartered PLC 958.40 GBp +7.40
View Industry Companies
 

Industry Analysis

UNCFY

Industry Average

Valuation UNCFY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact UNICREDIT SPA-144A ADR, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.