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Aabar to increase UniCredit stake to 6.5%

United Arab Emirates: Tuesday, January 17 - 2012 @ 16:01

His Excellency Khadem Al Qubaisi, Chairman of Aabar: “We are intending to participate in the rights increase and actively support UniCredit’s management and franchise in the future. We intend to remain one of the largest shareholders of UniCredit post its rights issue. We believe in the fundamental value of the bank and its importance in the Italian and European context.”

This additional investment in UniCredit further reiterates our support to the bank and its management in successfully navigating through current market uncertainty. It is our belief that the success of the current rights issue will help strengthen UniCredit’s capital base and bring with it a more positive outlook for the future.

The investment is consistent with our policy of investments and strategic partnerships with global market leading businesses. We are looking forward to continuing a successful relationship with UniCredit. We have been shareholders in UniCredit since March 2009 and continue to be impressed with UniCredit’s market leading banking franchise in Italy and Europe.

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Tuesday, January 17- 2012 @ 16:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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