UniCredit Aims to Sell Leasing, WealthCap Services in Germany -Reuters
September 23 2020 - 3:21AM
Dow Jones News
--UniCredit SpA is seeking to sell its German leasing operations
and WealthCap, a Munich-based real estate investment subsidiary,
Reuters reports citing two sources familiar with the matter.
--The Italian bank's leasing business in Germany has an equity
value of around 500 million euros ($585.4 million), the news outlet
says, citing one of the sources, while WealthCap's enterprise value
is estimated at EUR150 million to EUR200 million, according to
Reuters.
--The decision comes amid a restructuring where assets are shed
in order to bolster financial strength and clean up the balance
sheet, the news outlet says.
Full story: https://reut.rs/3iYJFc4
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(END) Dow Jones Newswires
September 23, 2020 04:06 ET (08:06 GMT)
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