UAE-Based Firms Could Be Interested in UniCredit's Russian Operations, Bloomberg Says, Citing Document

Dow Jones
May 28, 2025
 

-- UniCredit's operations in Russia have caught the interest of companies based in the United Arab Emirates, who have reached out to Italy's government to discuss a potential bid for the unit, Bloomberg reports, citing a document. Italian newspaper Il Messaggero first reported the news.

-- Mada Capital and Asas Capital have drawn up plans to create a special purpose vehicle that would buy the asset, Bloomberg reports.

-- A spokesperson for the Italian government declined to comment to Bloomberg while the Kremlin and the Russian finance ministry didn't respond to its requests.

 

Full story: https://tinyurl.com/mrxp54fk

 

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

 

(END) Dow Jones Newswires

May 28, 2025 09:15 ET (13:15 GMT)

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