UniCredit Acquires Majority Stake in Alpha Bank Romania

UniCredit S.p.A. has completed the acquisition of a 90.1% stake in Alpha Bank Romania S.A. from Alpha International Holdings, a subsidiary of Alpha Services and Holdings S.A. The transaction involves a strategic partnership between the two entities, accompanied by a 9.9% share capital transfer of UniCredit Bank S.A. to Alpha, along with a cash consideration of €255 million. The acquisition, primarily aimed at reinforcing UniCredit’s market presence in Romania, will eventually lead to the integration of Alpha Bank Romania into the UniCredit Group, concluding with a merger projected for the latter part of 2025. The merger aims to enhance UniCredit's position within Romania’s banking sector, expecting to position the merged entity as the country's third-largest banking group. Alpha Bank Romania’s change in ownership will be seamless for its customers. Notably, UniCredit has appointed Antoaneta Curteanu and Andrei Bratu to executive roles to oversee the integration process, while Sergiu Oprescu transitions to the UniCredit Romania supervisory board. The CEOs of UniCredit, Andrea Orcel, and Alpha Services, Vassilios Psaltis, emphasize the strategic importance of this merger in enhancing their market capabilities and service offerings.