Saturday 14 February 2009

Abu Dhabi fund to subscribe to UniCredit issue-source (Registration may be required)

Aabar Investments also bought 3.3 percent of Italian highway operator Atlantia SpA from UniCredit in December.


MILAN, Feb 13 (Thomson IM) - A publicly traded Abu Dhabi company will subscribe to about 60 million euros ($77.5 million) in UniCredit SpA's 3 billion euro capital-strengthening measure, a source close to the issue said on Friday.

The source said the investor to the convertible bond issue, called CASHES, should be Aabar Investments PJSC. Italian newspapers reported the Abu Dhabi subscription on Friday.

Aabar bought 3.3 percent of Italian highway operator Atlantia SpA from UniCredit in December.

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