UniCredit S.p.A.
UniCredito Italiano S.p.A.: Squeeze out of HVB: cash consideration set at Euro 38.26 per HVB share
UniCredito Italiano S.p.A. / Squeeze Out/Statement Release of an 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. ---------------------------------------------------------------------- Squeeze out of HVB: cash consideration set at Euro 38.26 per HVB share Today, UniCredit S.p.A. ('UniCredit') has determined the adequate cash compensation to be paid in the context of envisaged squeeze-out at Bayerische Hypo- und Vereinsbank Aktiengesellschaft ('HVB') to amount to Euro 38.26 for each no-par value HVB share. With a maximum of 36,534,957 outstanding HVB shares owned by minority shareholders, representing approximately 4.55% of HVB's entire share capital, this corresponds to a total cash compensation of approximately Euro 1,398 million. The squeeze-out compensation has been determined on the basis of an expert report prepared by Ernst & Young AG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Stuttgart, Germany, in accordance with the German IDW standards 'Principles on the conduction of enterprise evaluations' (IDW S 1). A report on the adequacy of the determined cash compensation issued by Warth & Klein GmbH, Wirtschaftsprüfungsgesellschaft, Düsseldorf, Germany, the independent auditor selected and appointed by the competent court of Munich, will be available to the shareholders upon convocation of HVB's shareholders' meeting, which is expected on 16 May 2007. HVB's shareholders’ meeting is envisaged to take place on 26 June, and, if necessary, 27 June 2007 in order to resolve on the squeeze-out. Milan, May 9, 2007 Enquiries: Media Relations: +39 02 88628236; e-mail: MediaRelations@unicreditgroup.eu Investor Relations: +39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu DGAP 09.05.2007 ---------------------------------------------------------------------- Language: English Issuer: UniCredito Italiano S.p.A. Via San Protaso 1/3 20121 Milan Italien Phone: 0039 02 8862 2995 Fax: 0039 02 8862 3816 E-mail: maurizia.angelocomneno@unicredit.it www: www.unicredit.it ISIN: IT0000064854 WKN: 850832 Indices: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf, Stuttgart; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------
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