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BRIEF-UniCredit completes sale of minority stake in Bank Pekao
June 7, 2017 / 8:41 AM / 5 months ago

BRIEF-UniCredit completes sale of minority stake in Bank Pekao

June 7 (Reuters) - Italian bank UniCredit says:

* has completed the disposal of a 32.8 percent stake in Bank Pekao to Poland’s PZU and PFR for 10.6 billion zlotys

* term and conditions of the transaction, as announced on Dec. 8, 2016, remain unchanged

* the sale will generate a capital benefit of 70 basis pints on its CET1 ratio fully loaded Further company coverage: (Reporting by Milan newsroom)

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