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April 19, 2021
BUSINESS

UniCredit’s BA approves EUR 7.5bln-joint stock boost

UniCredit’s Board of Administration decided yesterday the terms for the EUR 7.5bln-joint stock boost to be operated by issuing stocks to current shareholders at the price of EUR 1.943/share, with a 43 pc-discount from the reference market value, Mediafax reports. The joint stock boost was approved in the UniCredit’s extraordinary shareholders’ assembly on December 15. Thus, the bank will issue new stocks at a subscription rate of two stocks per every share they currently hold, at the price of EUR 1.943, which would result in a total joint stock boost of EUR 7.5bln, a press release by the group informs.

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