UniCredit surges after 2019 results, Yapi Kredi sale

Aidan Gregory

February 06, 2020 04:00 PM

UniCredit_Milan_PA_575_375 — General view of Unicredit Tower in Milan, Italy, on January 07 2020. The UniCredit Tower (Torre UniCredit) is a skyscraper in Milan, Italy. At 231 metres (758 ft), it is the tallest building in Italy. The building was designed by architect Csar Pelli and reached its full height on 15 October 2011 when the spire was attached. The building is the headquarters of UniCredit, Italy's largest bank by assets, and is part of a larger development of new residential and business structures in Milan's Porta Nuova district, near Porta Garibaldi railway station. The tower ranked eighth in the Emporis 2012, that rewards skyscrapers for excellence in their aesthetic and functional design (Photo by Mairo Cinquetti/NurPhoto) | Mairo Cinquetti/NurPhoto/PA Images

Shares in UniCredit, Italy’s largest bank by assets, closed 8.1% higher on Thursday after the bank cut its stake in Turkey’s Yapi Kredi, while announcing a dividend increase and a share buy-back.

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Topics

Italy Equity ABBs-Block Trades Europe UniCredit EMEA Equity People and Markets People and Markets Bank Strategy

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Aidan Gregory