UniCredit SpA has signed a non-binding agreement with a private investor from the United Arab Emirates (UAE) for the sale of its Russian subsidiary, the Italian banking group announced yesterday, as it seeks to streamline its operations ahead of a planned takeover of German rival Commzerbank, DPA reports, according to Agerpres. The transaction will take place in the first half of 2027 and is likely to reduce UniCredit's profit by 3-3.3 billion euros. The profit targets set by UniCredit chief

Tag-uri: UniCredit Bank