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.