Unicredit Sells Part of Its Russian Subsidiary
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Unicredit has agreed to sell part of its Russian subsidiary, AO Bank, to a private investor from the UAE. The deal will lead to a write-down of approximately €3.0 to €3.3 billion, primarily due to currency reserves. Unicredit will keep the segment handling international payments for non-sanctioned clients. The sale, expected to finalize in H1 2027, will not impact shareholder distributions or the bank's profit targets for 2028-2030.
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