UniCredit's Russia Exit Could Be Accelerated by End of Ukraine War, FT Says, Citing CEO

Dow Jones

02/20

--UniCredit could speed up the sale of its business in Russia if there is a breakthrough on the Ukraine war, the Financial Times reported, citing an interview with Andrea Orcel, chief executive officer of the Italian bank.

--The end of the conflict could allow the lender to get more attractive terms to sell the unit and exit the market, the FT reported, citing Orcel.

--Orcel had recently said he won't sell the Russian business for a price that isn't fair.

Full story: https://tinyurl.com/y4npcrrd

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

February 20, 2025 01:43 ET (06:43 GMT)

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