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The strategic partnership consists of:
- Merger of Romanian subsidiaries and creation of third largest financial institution in Romania, with Alpha Financial institution retaining a 9.9% stake.
- Institution of a industrial partnership framework in Greece to distribute UniCredit’s asset administration and unit-linked merchandise in Greece and creation of a three way partnership in pension-saving merchandise with UniCredit changing into a 51% shareholder in AlphaLife.
- Acquisition by UniCredit from the Hellenic Monetary Stability Fund (HFSF) of all of the shares that HFSF held in Alpha Companies and Holdings, specifically a stake of 8,9781%.
UniCredit is a industrial financial institution serving over 15 million clients worldwide. They’ve a novel service providing in Italy, Germany, Central and Jap Europe.
Alpha financial institution was based in 1879 and is the fourth largest financial institution Greek Financial institution by whole belongings. It holds a subsidiary and department in London, England and has subsidiaries in Romania and Cyprus too.
Alpha Financial institution was suggested by Koutalidis.
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