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 ...

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.

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 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.

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 ...

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.

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.

By 3:17 p.m., Intesa SP was down 4.7 percent at 1.699 euros, while UniCredit was down 5.3 percent at 1.366 euros.

UniCredit, Italy's biggest bank, has only around 800 million euros ($1.13 billion) in Greek exposure on its 1 trillion euro balance sheet, he said, but added the issue was more about what a Greek ...