Abu Dhabi's investment vehicle Aabar on Tuesday said it will raise its stake in UniCredit SpA to 6.5 percent once the Italian lender's capital increase is completed.
Aabar Luxembourg, a subsidiary of the sovereign wealth fund, has entered into a series of transactions to raise their stake in UniCredit, Aabar said in a statement.
"We are intending to participate in the rights increase and actively support UniCredit's management and franchise in the future," Aabar Chairman Khadem Al Qubaisi said.
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