UniCredit S.p.A.
UniCredito Italiano S.p.A.: Transfer of Investment Banking Business of UBM to HVB
UniCredito Italiano S.p.A. / 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. ---------------------------------------------------------------------- Transfer of Investment Banking Business of UBM to HVB Today, the Board of Directors of UniCredit Banca Mobiliare ('UBM') and the Management Board and the Supervisory Board of Bayerische Hypo-und Vereinsbank ('HVB') approved the contribution of the UBM’s investment banking business, representing almost the entirety of UBM’s activities, to HVB in exchange for 51,684,532 newly issued shares of HVB. The transfer will be effective as of 1 April 2007. After completion of the capital increase, UniCredit will hold directly and indirectly 95.4% of HVB’s share capital. The transaction represents a further step forward in the Group re-organisational plan and is consistent with the Group plan to establish a centre of competence for the group investment banking activities at HVB, with the aim of: (i) gain business critical mass, (ii) build a tailor made infrastructure, and (iii) streamline corporate governance, thus ensuring shorter time to market. The perimeter of the business of UBM being transferred to HVB includes as of year end 2006 total assets of ca. €66bn and total revenues of ca. €470m. Following the completion of the transfer of the UBM’s investment banking business to HVB, it is envisaged to merge UBM into UniCredit by the end of 2007. Merrill Lynch has acted as financial advisor to UniCredit and PricewaterhouseCoopers as Court appointed expert for HVB in connection with the transaction. Milan, 30 March 2007 Enquiries: Media Relations: +39 02 88628236; e-mail: MediaRelations@unicreditgroup.eu Investor Relations: +39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu DGAP 30.03.2007 ---------------------------------------------------------------------- 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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