Brief: UniCredit's net exposure to Generali is below 2%, CEO says

Alpha Bank SA

22/10/2025 10:49

Oct 22 (Reuters) - UniCredit CRDI.MI CEO Andrea Orcel tells analysts in post-results call:

UNICREDIT  CEO: WE HAVE A PUT OPTION ON THE COMMERZBANK STAKE TO PROTECT US AGAINST ANY DOWNSIDE

UNICREDIT  CEO: A RUSSIAN COMPANY THIS QUARTER REPAID THE LAST CROSS BORDER LOAN 'OF SUSBSTANCE' THAT WE HAD OUTSTANDING

UNICREDIT  CEO: OUR NET STAKE IN GENERALI HAS BEEN REDUCED BELOW 5%

UNICREDIT  CEO: WHAT REMAINS ON THE GENERALI STAKE IS HEDGED ON THE DOWNSIDE

UNICREDIT  CEO: GENERALI STAKE IS NOT STRATEGIC, NOT TACTICALLY IMPORTANT

UNICREDIT  CEO: 'BETWEEN THE NET NUMBER AND THE HEDGE' THE NET EXPOSURE TO GENERALI IS BELOW 2%

UNICREDIT  CEO: WE WON'T DO THINGS ON ALPHA BANK WHICH ARE NOT IN THE INTEREST OF EVERYBODY

UNICREDIT  CEO: WE WILL HAVE 40 BRANCHES IN POLAND

UNICREDIT  CEO:  DOMESTIC M&A FOR US IS POSSIBLE BUT NOT PROBABLE AT THE MOMENT

Further company coverage: CRDI.MI

 (Reporting by Milan Newsroom)

 ((cristina.carlevaro@thomsonreuters.com; +39 02 66129585;))