UniCredit S.p.A. (BIT:UCG) signed an agreement to acquire 6.5% stake in CNP UniCredit Vita S.p.A. from CNP Assurances SA for €70 million on July 27, 2022. Post the transaction, UniCredit's stake will increase from 38.8% to 45.3%, with CNP Assurances keeping a majority shareholding equal to 51%. Completion of the transaction is subject to obtaining the necessary approvals by the competent authorities. Francesco Stella of Hogan Lovells (Paris) LLP acted as legal advisor to CNP Assurances SA.

UniCredit S.p.A. (BIT:UCG) acquired 6.5% stake in CNP UniCredit Vita S.p.A. from CNP Assurances SA on October 26, 2022.