UniCredit to acquire an additional 9.7% stake in Alpha Bank.

UniCredit, an Italian global banking and financial services company, agreed to acquire an additional 9.7% stake in Alpha Bank, a Greek bank. Financial terms were not disclosed. "This step strengthens our successful partnership with Alpha, which has already delivered value well in excess of expectations. And there is much more to come. We have confidence in Alpha's leadership, their strategy, and Greece's growth trajectory. Throughout this partnership, our engagement with Greece's government and leading institutions has been extremely positive. Their approach and support has contributed significantly to the partnership's success, and to this further investment," Andrea Orcel, UniCredit CEO.