Russian court seizes 463 mln euros of UniCredit assets
A Russian court has ordered that UniCredit’s assets, accounts and property, as well as shares in two subsidiaries, be seized as part of a lawsuit over an aborted gas project involving the Italian bank, court documents showed, according to Reuters.
The ruling by a St Petersburg arbitration court covers 462.7 million euros ($503 million) in securities, real estate and accounts belonging to UniCredit as well as 100% of shares in UniCredit Leasing and UniCredit Garant.
UniCredit said in a statement that the seizure affected only a fraction of their Russian unit’s assets, not the entire subsidiary. „The rest of the details we are currently reviewing,” it said.
Dariusz Mazurkiewicz – CEO at BLIK Polish Payment Standard
Banking 4.0 – „how was the experience for you”
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