UniCredit is Considering a Russia Exit That It Can Reverse After the War
- CEO looking at structures to allow repurchase of Russian unit
- Chinese, Indian firms have expressed interest in Russia growth
A Unicredit Bank branch in Moscow.
Source: Bloomberg
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UniCredit SpA is considering selling its Russian unit through a structure that would allow the bank to repurchase the subsidiary if the geopolitical situation stabilizes, according to people familiar with the matter.
Italy’s second-largest lender is looking at several possible deal arrangements, including one that would give it the option of buying back the unit depending on market and political conditions, said the people, who asked not be named because the matter isn’t public.