The move deepens UniCredit’s partnership with one of Greece’s largest lenders at a time when its expansion efforts in Germany and Italy are facing roadblocks.

UniCredit SpA has doubled its holding in Alpha Services and Holdings SA to about 20%, marking yet another transaction for the Italian lender.

Italian banking group UniCredit has entered into financial instruments with primary investment banks for the acquisition of an additional 9.7% stake in Greece-based Alpha Services and Holdings, which ...

UniCredit said it has used derivatives bought through leading investment banks to buy 9.7% of Alpha at a discount to the ...

The latest investment means that UniCredit has spent almost €1 billion in less than two years on its Alpha Bank holdings. This includes a €293 million payment in 2023 to buy the Greek state ...

UniCredit said it would double its stake in Alpha Bank to around 20%, deepening a partnership with one of Greece's largest lenders at a time when its expansion efforts are facing roadblocks.

UniCredit said it has used derivatives bought through leading investment banks to buy 9.7% of Alpha at a discount to the latest closing price. It already owned 9.6% of Alpha. Alpha Bank's CEO ...