In addition to the joint understanding reached on July 31, 2014 and following the approval by UniCredit Bank AG's Supervisory Board, UniCredit Bank AG and BNP Paribas S.A. (BNPQY.PK,BNP.L) have entered definitive agreements on the sale of UniCredit Bank AG's 81.4% majority stake in DAB Bank AG (DRNG). Terms and conditions of the transaction and positive impacts on UniCredit SpA (UCG,UNCFF.PK) and UniCredit Bank AG as announced on July 31 remain unchanged.
BNP has revealed its plan to launch a public takeover offer through a German unit to all shareholders of DAB Bank AG other than UniCredit Bank AG for a consideration of 4.78 euros a share, that is equivalent to the consideration agreed between UniCredit Bank and BNP Paribas.
The completion of the transaction is subject to the approval of the relevant authorities.
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