UniCredit Boosts Stake in Alpha Bank to 20%
Deal News | May 29, 2025 | Finance Community IT - 1 Corporate M&A
UniCredit has increased its stake in Alpha Services and Holdings (Alpha), a Greek bank, from 10.3% to 20%. The transaction, valued by Bloomberg at approximately 615 million euros, marks a strategic move by UniCredit following the complete divestment from Alpha Bank by Reggeborgh Invest. The expansion enables UniCredit to present proposals for acquiring a share in Alpha Bank exceeding 10% up to a maximum of 29.9%. The action is anticipated to generate an additional net profit of about 180 million euros annually, which UniCredit plans to return to its shareholders per its distribution policy. The acquisition is expected to finalize by the end of 2025, reinforcing the partnership between UniCredit and Alpha Bank. According to UniCredit's CEO, Andrea Orcel, the collaboration has significantly exceeded expectations and he expressed optimism about Alpha's leadership and growth strategy, as well as their enduring partnership efforts with the Greek government and institutions.
Sectors
- Banking
- Investment Banking
- Financial Services
Geography
- Italy – UniCredit, the acquiring bank, is based in Italy.
- Greece – Alpha Bank, the target institution, is a major banking entity in Greece.
Industry
- Banking – The article focuses on UniCredit's strategic investment in Alpha Bank, a Greek banking institution.
- Investment Banking – The article details a significant corporate M&A investment transaction by UniCredit.
- Financial Services – The operations of both UniCredit and Alpha Bank cater to the broader financial services industry.
Financials
- 615 million euros – The value of UniCredit's increased stake in Alpha Bank.
- 180 million euros annually – Projected additional net profit from the increased stake in Alpha Bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| UniCredit | Acquirer | Company | Italian banking institution expanding its stake in Alpha Bank. |
| Alpha Services and Holdings (Alpha Bank) | Target company | Company | A leading bank in Greece, subject of the increased investment by UniCredit. |
| Reggeborgh Invest | Vendor | Company | Firm that sold its entire holding in Alpha Bank. |
| Bloomberg | Source | Company | News organization that reported the financial details of the transaction. |
| Andrea Orcel | CEO of UniCredit | Person | CEO of UniCredit commenting on the transaction and future outlook. |