Unicredit to point the capital increase

The new CEO of Unicredit, Jean Pierre Mustier, has clear ideas on how to manage the first phase of work, in particular the capital increase that the bank is called upon to put in. As reported by the newspaper La Repubblica, Mustier aims to lighten the capital increase through a sales program.
In recent weeks, rumors of a possible sale of the stake held in the Polish Bank Pekao had already emerged. Then rumors related to the sale of FinecoBank, not to mention those on possible also movements of Pioneer.

According to the newspaper, it is very likely that Mustier does not intend to give up one of the assets but points instead to an overall sale. This maxi divestiture would also include 8.5% which Unicredit holds in Mediobanca.
The CEO is convinced that, by a very strong disposals plan, he can reduce the amount of the capital. The objective, therefore, is to limit the involvement of members even if the numbers are still heavy. Even considering more or less 8 billion that would be obtained realizing the sales program, the recapitalization still be around 7 billion.

Although at the time they are only rumors, the market's attention is high, even if the recapitalization should start by the end of the year.