Corporate Partecipazioni, controlled through Italy-based UniCredit Corporate Banking, has sold its stake in Atlantia, equal to approximately 3.3% of the share capital, to Sopela Beteiligungsverwaltungs, for approximately
E248 million.
Sopela Beteiligungsverwaltungs is wholly owned and controlled by Aabar Investment Company from Abu Dhabi, UAE.
The disposal generates a net capital gain at consolidated level of approximately E157 million.
UniCredit Corporate Banking is an Italian bank; it is a corporate bank dedicated to businesses with turnovers of over € 3 million. The bank was established in 2003 in the course of the reorganisation of Italian banks in the UniCredit Group, leading to the creation of three specialist banks, each with a separate market segment.
The priority reference market for UniCredit Corporate Banking includes over 130,000 non-finance companies, producing 70% of Italy’s overall output. Over 58,000 of these companies are customers of the bank which has an approximately 15% market share.
UniCredit Corporate Banking has developed a large range of specialist products and services, in addition to its well-known financial know-how. The company designs and implements services such as Financial Risk Management, Long and medium-term financing, Pact for Growth and Extraordinary financing for the management of risks related to market uncertainties that companies face.
