YAPI VE KREDI BANKASI Nov 8 (Reuters) - Unicredit:
* TO DISPOSE OF ITS ENTIRE SHAREHOLDING IN YAPI VE KREDI BANKASI A.
* KOÇ WILL BUY SHARES IN YKB CORRESPONDING TO 18% OF ISSUED SHARE CAPITAL OF YKB FOR EURO 0.3 BILLION AT CURRENT EXCHANGE RATE
* REMAINING 2% SHARES EXPECTED TO BE SOLD ON MARKET
* BASED ON 3Q21 CAPITAL POSITION, TRANSACTION WILL HAVE AN OVERALL LOW-MID SINGLE DIGIT POSITIVE IMPACT ON CONSOLIDATED CET1 RATIO OF UNICREDIT
* COMPLETION OF SALE TO KOÇ IS EXPECTED TO OCCUR IN THE FIRST QUARTER OF 2022
* FOR FY 2021, ALSO CONSIDERING OTHER CONDITIONS, THERE WILL BE A RESULTING NEGATIVE CONSOLIDATED P&L IMPACT OF APPROXIMATELY EURO 1.6 BILLION Source text for Eikon: Further company coverage:
