Italy’s biggest bank UniCredit to be SOLD OFF in UK in desperate bid to avoid crisis

UniCredit is selling off its Polish operations and its asset management arm to boost capital (Bloomberg)

 

UNICREDIT is due to sell off a bumper load of shares in a desperate bid to avoid crisis.

Italy’s largest bank is preparing to unveil a £10.9billion (€13bn) rights issue this week.

UniCredit is expected to announce the sale in London and outline plans to offload assets and wide-ranging cuts.