MILAN, Could 30 (Reuters) – Italy’s second-largest financial institution UniCredit (CRDI.MI) stated on Tuesday it was contemplating merging its Slovenian unit UniCredit Banka Slovenija d.d. with UniCredit Financial institution Austria.
Underneath the deal, UniCredit Banka Slovenija d.d. would grow to be a department of UniCredit Financial institution Austria AG, the financial institution stated in a press release.
“The aim of the analysis is to outline a brand new and less complicated working mannequin … in each international locations,” it stated, including that henceforth the Unicredit Group would function in Slovenia below the model identify UniCredit Financial institution.
UniCredit stated it expects to finish the evaluation on the potential merger within the third quarter of 2023.
Reporting by Elisa Anzolin, enhancing by Alvise Armellini and Gavin Jones