UniCredit S.p.A. - UniCredit enters additional instruments relating to Alpha Bank S.A. shares for c. 5%, increasing its aggregate position to c. 26%
KOMISJA NADZORU FINANSOWEGO
Raport bieżący nr 74 / 2025
Data sporządzenia: 2025-08-28
Skrócona nazwa emitenta
UniCredit
Temat
UniCredit enters additional instruments relating to Alpha Bank S.A. shares for c. 5%, increasing
its aggregate position to c. 26%
Podstawa prawna
Inne uregulowania
Treść raportu:
UniCredit SpA announces that it has entered into additional financial instruments relating to a
circa 5% stake in Alpha Bank S.A., thereby increasing its aggregate position to a total of circa 26%
Conversion in physical shares of the stake exceeding 9.9% and equity consolidation to better
reflect the positive contribution of the strategic partnership may only occur after the ongoing
regulatory authorization processes have been completed.
According to analysts' consensus the participation in Alpha will generate net profit of c. €244m
in 2026 - and significantly grow from there - which UniCredit will return to its shareholders in
line with its distribution policy.
The 26% stake will have an impact of c. 65bps on UniCredit CET1 ratio, with an as-is return on
investment of c.20% which we anticipate will improve thanks to the initiatives that are being
pursued in partnership by the two institutions.
CEO Andrea Orcel said: “Our investment in Alpha has delivered well beyond expectations and
continues to be a key area for growth within our business. The strong mutually beneficial
partnership has benefited clients, shareholders and our people alike and there is much more to come.
This collaboration is a clear demonstration of what UniCredit's federal approach can contribute to
other institutions, leaders of their own nations within Europe. Our relationship with Alpha and the
quality of their people remain the linchpin of both past and future success. We are grateful to the
Greek government, Bank of Greece, and other Greek institutions for making us welcome, encouraging
our investment and their continued direct, open and constructive dialogue with us throughout”.
As always, the primary focus for UniCredit's management team continues to be on the execution of
UniCredit Unlocked and the delivery of superior sustainable profitable growth and distributions for
our shareholders.
Milan, 28 August 2025
Contacts:
Media Relations e-mail: MediaRelations@unicredit.eu
Investor Relations e-mail: InvestorRelations@unicredit.eu
Załączniki
Plik Opis
Additional attachments can be found below:
20250828_201508_1705385179_PR_UniCredit_enters_into_further_financial_instruments_with_Alpha_28082025.pdf
