Prospectus - Notowania

Transactions to dispose of equity investments/non-strategic
assets
In Italy
Finaosta SpA
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This past November, UniCredit, together with the other minority shareholders of Finaosta, accepted the proposal by the
Valle d’Aosta Autonomous Region to acquire the interests held by other shareholders in this financial company.
The price for 100% of Finaosta was established at €187 million, and the transfer of the stake held by UniCredit (10.7%)
allowed it to make a capital gain at the consolidated level of €9.7 million. The transfer was completed in March 2009.
SI Holding SpA
UniCredit, together with the main shareholders of Si Holding, including Intesa Sanpaolo (42.2% of the capital) and MPS
(24.5%), closed this past June 26th on the transaction for the disposal of its interest in Si Holding (9.2% overall) to Istituto
Centrale delle Banche Popolari Italiane (for 9.1%) and to Banca Mediolanum (for 0.1%), at an overall price for 100% of Si
Holding of €150 million (subject to an increase depending on the increase in value of some assets and quantifiable at €34
million, to be paid by the end of this year).
The transaction made for a capital gain at the consolidated level of €15 million.
CARICESE Srl
In June, the Group sold 33.684% of CARICESE (out of the 33.687% held overall), collecting €3.65 million for a capital
gain of €1.21 million; specifically, the subsidiaries UniCredit Corporate Banking, UniCredit Private Banking, UniCredit
Banca, Banco di Sicilia, UniCredit Banca di Roma, Fineco Banca, UniCredit Family Financing Bank and Banca Agricola
Commerciale RSM sold their own stakes in the company, while the Parent company remained a shareholder of
CARICESE with an interest of 0.003%.
Abroad
BodeHewitt AG & Co. KG and BodeHewitt Beteiligungs AG
In June, HVB sold 72.25% of BodeHewitt AG & Co. KG and 72.25% of BodeHewitt Beteiligungs AG to Hewitt Associates,
which already held 27.75% of the two companies, for the amount of €50 million.
The sale of the stakes held by HVB made for a capital gain at the consolidated level of €3 million.
Vereinsbank Victoria Bauspar AG
In May, HVB and Ergo Group signed a contract for the sale of the 70% and 30% stakes held respectively in Vereinsbank
Victoria Bauspar to Wüstenrot & Württembergische AG, for an overall price of approximately €79 million for 100% of
Vereinsbank Victoria Bauspar.
Following the recognition of this stake as an asset held for sale, a capital loss of approximately €12 million was recorded
in H1. This transaction, which was finalized in July, did not entail any further impact on the income statement.
Schwäbische Bank AG and Invesco Real Estate GmbH
In the first half, HVB also sold the minority interest held in Schwäbische Bank (25.50%), a German general bank, and in
Invesco Real Estate (24.90%), a company that offers real estate investment services and products to institutional
customers, making an overall capital gain at the consolidated level of approximately €12.3 million.