The purchase price includes the pro-rata capital increase subscribed by the selling shareholders in June 2007. In addition, the final consideration will include a post-closing adjustment to be based on USB’s net asset value at closing.
The acquisition of Ukrsotsbank reinforces UniCredit’s Group’s operations in Ukraine, one of the fastest growing economies in the region, where the group already operates through UniCredit Bank.
Credit Suisse and UniCredit Markets & Investment Banking acted as financial advisors to UniCredit and Bank Austria Creditanstalt, with Allen&Overy acting as legal advisor.
