UniCredit to acquire an additional 5% stake in Alpha Bank.

UniCredit, an Italian global banking and financial services company, agreed to acquire an additional 5% stake in Alpha Bank, a Greek bank. Financial terms were not disclosed. "Our investment in Alpha has delivered well beyond expectations and continues to be a key area for growth within our business. The strong mutually beneficial partnership has benefited clients, shareholders and our people alike and there is much more to come. This collaboration is a clear demonstration of what UniCredit's federal approach can contribute to other institutions, leaders of their own nations within Europe. Our relationship with Alpha and the quality of their people remain the linchpin of both past and future success. We are grateful to the Greek government, Bank of Greece, and other Greek institutions for making us welcome, encouraging our investment and their continued direct, open and constructive dialogue with us throughout," Andrea Orcel, UniCredit CEO.