UniCredit gets Putin’s approval to sell part of its Russian business
First reported 5 Oct, 17:25 UTCUpdated 5h ago3 sources
1 left · 2 center · 0 right · Full breakdown
The Italian bank plans to keep its international payments business while selling its other Russian operations. The approval contrasts with Moscow’s recent moves to place several Western companies’ local assets under temporary management.
Excerpt from Euronews
Compare the headlines
How outlets on each side framed it
Vladimir Putin has signed an order allowing the Italian financial group UniCredit to restructure its Russian subsidiary, UniCredit Bank, and sell all of the subsidiary’s shares. The document was published on Russia’s legal information portal.
UniCredit, one of the few European banks still active in Russia, announced in May that it plans to sell most of its Russian subsidiary — UniCredit Bank Russia — to a private investor from the United Arab Emirates, while retaining control over its payments arm.
No right-leaning outlet in our index has covered this yet.
Full coverage
3 outlets — tap a headline to read it at the source
- Putin allows Italy's UniCredit banking group to reorganize, sell Russian subsidiary (opens The Kyiv Independent in a new tab)
UniCredit, one of the few European banks still active in Russia, announced in May that it plans to sell most of its Russian subsidiary — UniCredit Bank Russia — to a private investor from the United Arab Emirates, while retaining control over its payments arm.
- Putin authorizes Italian banking group UniCredit to spin off part of its Russian bank and sell the remaining business (opens Meduza in a new tab)
Vladimir Putin has signed an order allowing the Italian financial group UniCredit to restructure its Russian subsidiary, UniCredit Bank, and sell all of the subsidiary’s shares. The document was published on Russia’s legal information portal.
- UniCredit gets Putin’s approval to sell part of its Russian business (opens Euronews in a new tab)
The Italian bank plans to keep its international payments business while selling its other Russian operations. The approval contrasts with Moscow’s recent moves to place several Western companies’ local assets under temporary management.
