UniCredit Bank GmbH
HVB agrees to transfer BA-CA to UniCredit and HVB Bank Latvia to BA-CA
Bayerische Hypo- und Vereinsbank AG / Disposal Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- 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. Also approved was the execution of 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. In addition, the Management Board established that the actions for rescission served on the parties do not militate against execution of the following transactions, which represents an essential prerequisite for implementation thereof: - the sale of the 70.26% shareholding in International Moscow Bank (IMB) plus the options on a further 4.81% of IMB to BA-CA at a total purchase price of €1;015 million in cash - the sale of the 100% shareholding in HVB Bank Ukraine to UniCredit against payment of €83 million in cash - the sale of assets and liabilities of its branches in Estonia and Lithuania to HVB Bank Latvia at a purchase price of € 1 million and € 9 million, respectively, plus the difference between the accounting value of the assets transferred and liabilities assumed. The sale of BA-CA to UniCredit and the sale of HVB Latvia to BA-CA have already been approved by the public authorities responsible. In particular, the execution of the remaining transactions still needs to be officially authorized; the approvals in question are expected in due course. Hartmut Pfeifer, German Media Relations Tel.: 089/378-44959 DGAP 09.01.2007 ---------------------------------------------------------------------- Language: English Issuer: Bayerische Hypo- und Vereinsbank AG Kardinal-Faulhaber-Str. 1 80333 München Deutschland Phone: +49-(0)89-378-0 Fax: +49-(0)89-378-24083 E-mail: ir@hvbgroup.com WWW: www.hvbgroup.com ISIN: DE0008022005 WKN: 802200 Indices: MDAX,, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Hannover, München, Hamburg, SWX, Wien, Düsseldorf, Stuttgart; Terminbörse EUREX; Foreign Exchange(s) Paris End of News DGAP News-Service ---------------------------------------------------------------------------
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