unicredit spa-144a adr (UNCFY) Key Developments
Fortress And Unicredit Talks Taking Time
Jan 20 15
UniCredit S.p.A. entered exclusive talks with a team comprising Fortress Investment Group LLC (NYSE:FIG) and Prelios S.p.A. (BIT:PRS) last October but talks are taking longer than expected.
UniCredit SpA Prices EUR 1.0 Billion Bond
Jan 13 15
UniCredit SpA on January 12 priced a EUR 1.0 billion bond. The notes mature Feb. 19, 2020, and carry a coupon of three-month EURIBOR plus 100 basis points. The reoffer price was set at 99.75 and the discount margin was equivalent to three-month EURIBOR plus 105 basis points. JP Morgan, Mediobanca, Nomura, UBS and UniCredit Bank AG were the lead managers for the deal.
UniCredit S.p.A. Presents at UniCredit und Kepler Cheuvreux 14th German Corporate Conference, Jan-20-2015 12:45 PM
Dec 16 14
UniCredit S.p.A. Presents at UniCredit und Kepler Cheuvreux 14th German Corporate Conference, Jan-20-2015 12:45 PM. Venue: Villa Kennedy, Kennedyallee 70, D-60596 Frankfurt, Germany. Speakers: Erik F. Nielsen, Chief Economist.
Prelios, Fortress Reportedly In Discussion To Acquire Unicredit Credit Management Bank
Dec 1 14
Prelios S.p.A. (BIT:PRS) and Fortress Investment Group LLC (NYSE:FIG) are negotiating with UniCredit S.p.A. (BIT:UCG) to acquire Unicredit Credit Management Bank S.p.A., Reuters reported on November 27, 2014, citing a source close to the matter. The source said that further progress is still required, but another source told Reuters that the parties have ‘reached a deal’.
Fortress, Prelios Reportedly Near To Buy Unicredit NPL Unit
Nov 25 14
Fortress Investment Group LLC (NYSE:FIG) and Prelios S.p.A. (BIT:PRS) are close to an agreement to purchase the NPL unit UniCredit S.p.A. (BIT:UCG), wire services reported. The agreement will be reached in a few weeks, according to people with knowledge of the plan. Fortress is in exclusive talks buy Unicredit Credit Management Bank S.p.A. along with €2.5 billion in soured loans, is working out legal details of the deal, said two people who asked not to be identified because the matter isn’t public. Prelios has teamed up with Fortress on the transaction, has an option to buy 25% of the new company’s equity from Fortress when the deal goes through and may sell the stake to a third party, one of the people said. Fortress is offering €300 million for the servicing platform and about €250 million for the assets, a discount of 90% to the nominal value, the people said.