UniCredit to Start EUR2.5 Billion Share Buyback Pending ECB Approval
24 Oktober 2023 - 12:46PM
Dow Jones News
By Pierre Bertrand
UniCredit boss Andrea Orcel said the Italian bank will move on
with the launch of the new tranche of its share buyback as soon as
it gets European Central Bank approval.
Shareholders will vote Friday on whether to allow the bank to
move forward with buying back up to 2.5 billion euros ($2.67
billion) of shares.
Assuming shareholders approve the measure, the remaining hurdle
would be the green light from the ECB, Orcel said during a
post-earnings analyst call.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 24, 2023 06:31 ET (10:31 GMT)
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