UniCredit to acquire a 50% stake in UniCredit Allianz Vita from Allianz.

UniCredit, an international banking group, agreed to acquire a 50% stake in UniCredit Allianz Vita, an insurance company, from Allianz, a German multinational financial services. Financial terms were not disclosed. The exercise of the call option on CUV is based on the terms of the shareholders' agreement entered in 2017, as amended from time to time. Under this agreement, the purchase price will be determined through a specific procedure based on agreed methodologies.