Wednesday 29 October 2014

Aabar Said to Plan Refinancing of UniCredit Stake - Bloomberg

Aabar Said to Plan Refinancing of UniCredit Stake - Bloomberg:



"Aabar Investments PJSC is planning to refinance a stake valued at $2.2 billion in UniCredit SpA, three people with knowledge of the matter said.



The investment firm, owned by Abu Dhabi’s sovereign wealth fund, is talking with lenders including Deutsche Bank AG, Bank of America Corp., BNP Paribas SA and HSBC Holdings Plc about refinancing the stake, two of the people said, asking not to be identified as the information is private.



Aabar is the biggest shareholder in UniCredit, according to the bank’s website, with a stake of just over 5 percent."



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