UniCredit Completes Acquisition Of Majority Stake In Alpha Bank Romania
Nov 4 (Reuters) -UniCredit SpA CRDI.MI:
COMPLETES ACQUISITION OF MAJORITY STAKE IN ALPHA BANK ROMANIA
MERGER BY INCORPORATION OF ALPHA BANK ROMANIA INTO UNICREDIT ROMANIA EXPECTED TO BE COMPLETED IN SECOND HALF OF 2025
ACQUIRED FROM ALPHA INTERNATIONAL A 90.1% STAKE IN ALPHA BANK ROMANIA FOR 9.9% OF SHARE CAPITAL OF UNICREDIT ROMANIA AND AROUND EUR 255 MILLION IN CASH
UNICREDIT MANDATED ANTOANETA CURTEANU AS NEW EXECUTIVE PRESIDENT OF ALPHA BANK ROMANIA TO COORDINATE INTEGRATION PROCESS INTO UNICREDIT ROMANIA
ANDREI BRATU WILL ALSO JOIN ALPHA BANK ROMANIA, ON BEHALF OF UNICREDIT, TO ACT AS EXECUTIVE VICE PRESIDENT
Further company coverage: CRDI.MI
Reporting by Gdansk Newsroom
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