Italy's UniCredit mulling merger of Slovenian and Austrian units
Reuters
Published May 30, 2023 08:57
MILAN (Reuters) - Italy's second-largest bank UniCredit (LON:0RLS) said on Tuesday it was considering merging its Slovenian unit UniCredit Banka Slovenija d.d. with UniCredit Bank Austria.
Under the deal, UniCredit Banka Slovenija d.d. would become a branch of UniCredit Bank Austria AG, the bank said in a statement.
"The goal of the evaluation is to define a new and simpler operating model ... in both countries," it said, adding that henceforth the Unicredit (BIT:CRDI) Group would operate in Slovenia under the brand name UniCredit Bank.
UniCredit said it expects to complete the assessment on the possible merger in the third quarter of 2023.
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Written By: Reuters
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