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UniCredit to Seek Approval for $1 Billion Share Buyback Plan

UniCredit plans call an extraordinary meeting on Sept. 14.

UniCredit plans call an extraordinary meeting on Sept. 14.

Photographer: Francesca Volpi/Bloomberg

UniCredit SpA intends to go ahead with a remaining 1 billion-euro ($1 billion) share buyback on 2021 earnings, and has submitted a request for authorization to the European Central Bank

Italy’s second biggest lender plans call an extraordinary meeting on Sept. 14 to seek shareholder approval, it said in a statement Wednesday.