UniCredit to Sell Part of Russian Subsidiary to UAE Investor

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UniCredit announced plans to sell a part of its Russian subsidiary to a UAE investor, expecting the deal to close by the first half of 2027. The transaction is anticipated to result in significant profit losses for the bank.

UniCredit said the deal is expected to close in the first half of 2027 and will result in a hit to profits of around $3.5 billion.