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A man walks past a branch office of Unicredit bank in Moscow, Russia, March 29, 2016. To match Exclusive RUSSIA-PRIVATISATION/BANKS Maxim Zmeyev
A man walks past a branch office of Unicredit bank in Moscow, Russia, March 29, 2016. To match Exclusive RUSSIA-PRIVATISATION/BANKS Maxim Zmeyev
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Russian court seizes $462.7 mln euros of UniCredit assets

May 17th, 2024 | 14:19 PM WORLD Europe 1

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By Reuters

A Russian court has ordered that UniCredit's (CRDI.MI) assets, accounts, property and shares in subsidiary companies be seized as part of a lawsuit involving the Italian bank, according to court documents.

The ruling by a St Petersburg arbitration court covers 462.7 million euros ($503.28 million) in securities, real estate and accounts belonging to UniCredit as well as 100% of shares in UniCredit Leasing and UniCredit Garant.

There was no immediate comment from UniCredit.

UniCredit was one of the guarantor banks under a contract for the construction of a gas processing plant with Germany's Linde, which was terminated due to Western sanctions.

($1 = 0.9194 euros)

  • Topic
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  • UNICREDIT/COURT (UPDATE 1, PIX)
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