Italy's UniCredit said on Monday it had applied to become the biggest investor in Alpha Bank by acquiring a 9% stake from Greece's bank bailout fund, as it also agreed to buy most of Alpha's ...

UniCredit will pay €300mn in cash for Alpha Bank’s Romanian operations, and merge them with its local units. Alpha Bank will keep 9.9% of the new Romanian entity; UniCredit will have the remainder.

On the face of it, UniCredit’s purchase of Alpha Bank’s Romania business is primarily about Romania. Romania, indeed, is the most obvious country where UniCredit should be expanding via M&A. It is a ...

Greece's state-controlled bank bailout fund HFSF said on Monday it sold its 9% stake in Alpha Bank to UniCredit for 293.5 million euros ($314 million) after an improved bid by the Italian bank.

ATHENS, Nov 13 (Reuters) - Greece's state-controlled bank bailout fund HFSF said on Monday it sold its 9% stake in Alpha Bank ACBr.AT to UniCredit CRDI.MI after an improved bid by the Italian bank.

Greece is pressing ahead with a plan to sell its stakes in the country’s banks, in a sign the financial industry is returning to normal after a decade-long debt crisis.

In parallel with its pursuit of Banco BPM at home, UniCredit has strategically built stakes abroad. The bank is amassing a 29% position in Commerzbank and raised its holding in Greece’s Alpha ...

US Federal Reserve governor Michelle Bowman has signalled her support for three interest rate cuts this year, citing weakening labour market data as a justification for beginning reductions as soon as ...

The emergency aid deal for Greece dramatically cuts the risk of troubles spreading to other strained euro zone countries, the head of UniCredit, the region's third largest bank, told Reuters on ...

UniCredit SpA offered to buy the Greek state’s holding in Alpha Bank and agreed to acquire Alpha’s Romanian unit, in the first strategic deal struck under Chief Executive Officer Andrea Orcel.

Yet a corollary of the deal with Alpha will see UniCredit expand in a fellow southern European EU country, Greece – albeit for now only in life insurance and asset management. Even if Andrea Orcel has ...