UniCredit SpA (IT:UCG) has released an update.
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UniCredit has successfully acquired a 90.1% stake in Alpha Bank Romania, marking a significant step in its strategic expansion in Eastern Europe. This acquisition will merge Alpha Bank Romania into UniCredit Bank Romania, creating the third-largest banking group by assets in the country, with a combined market share of approximately 12%. The integration is expected to complete by the second half of 2025, enhancing UniCredit’s offerings to individual and corporate clients.
For further insights into IT:UCG stock, check out TipRanks’ Stock Analysis page.