Transfer of CEE Division from Bank Austria to UniCredit SpA

The transfer of the CEE Division, including the CEE Subsidiaries, from UniCredit Bank Austria AG to UniCredit Holding has been successfully completed


UniCredit informs that the transfer of the CEE Division, including the shareholdings of CEE subsidiaries, from UniCredit Bank Austria AG to UniCredit S.p.A. has been successfully completed following the registration of the demerger of the CEE Division from UniCredit Bank Austria AG to UCG Beteiligungsverwaltung GmbH and the subsequent cross border merger of UCG Beteiligungsverwaltung GmbH into UniCredit S.p.A. with the competent companies' registers of Vienna and Rome, having all regulatory approvals been granted. The reorganization following the completion of the demerger and the merger will become effective as at October 1, 2016. In this respect, bonds issued by Bank Austria (except for group-internal transactions) are not within the scope of the demerger.

The reorganization will allow to simplify the structure and strengthen the central steering functions under the direct supervision of the Group's General Manager, Gianni Franco Papa, in line with the reorganization announced on July 26th, while preserving the existing know how and customers' relationships. The CEE Division is a core asset of the UniCredit Group and is expected to remain a core engine of growth, by leveraging on its exposure to the most dynamic European markets and by enhancing the synergies with the other divisions, while increasing the Group's flexibility in allocating capital, funding and liquidity across the regions thanks to the new corporate structure.

The management team of CEE Division will continue to be led by Carlo Vivaldi, Head of CEE Division, who will be supported by the following business heads: Andrea Diamanti, as Head of CEE CIB, Ivan Vlaho, as Head of CEE Retail and Jan Tronicek, as Head of CEE Private Banking, and the majority of the team will continue to be located in Vienna.

Furthermore, UniCredit informs that today the merger deed concluded between UCG Beteiligungsverwaltung GmbH and UniCredit S.p.A. has been made available to the public through publication on the website of the company in the section "Governance - Corporate Transactions".

Milan, 30 September 2016


03.10.2016 - 13:30
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