The total consideration paid for the sale of the stake is equal to E1.22 billion. After the disposal UniCredit will still hold a shareholding of 8.67% of Mediobanca. Regarding the stake divestment of 2% of Mediobanca’s share capital, agreed with Barclays Bank, UniCredit has signed with the same counterpart an equity swap agreement with maturity of up to six months on an equivalent number of shares.
This agreement will allow UniCredit on one hand to keep exposure to the Mediobanca share performance for the same period; while, on the other hand, the cash settlement clause prevents the company from buying back the dismissed shares.
