Mustier tight-lipped about UniCredit M&A plans after €1bn Fineco share sale

By Aidan Gregory
09 May 2019

UniCredit’s chief executive, Jean Pierre Mustier, moved fast this week to sell €1bn of stock in FinecoBank, the Italian bank’s online brokerage, after a decision to deconsolidate the unit. Many in the market see UniCredit's accelerating asset sales as an effort to boost its capital position before exploring M&A opportunities in 2020. Aidan Gregory reports.

Mustier is due to present his business plan for the next three years to shareholders in December but has so far offered few clues about what it will contain. The disposal of one of UniCredit’s former trophy assets will only heighten speculation.

Mustier has consistently refused ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.