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UniCredit S.p.A., Genoa / BA-CA AG
On 9 January 2007, HVB sold its 113,989,900 bearer shares in BA-CA AG to the permanent establishment of UniCredit in Vienna. Since that date, UniCredit has directly held 94.98 % of the shares in BA-CA AG.
International Moscow Bank
On 10 January 2007, BA-CA AG paid VTB Bank (France) S.A. a further US$ 20.4 m for its shareholding in International Moscow Bank (IMB). From that date, BA-CA AG held a total interest of 19.77 % in International Moscow Bank; the purchase price in this connection was US$ 415 m. In addition, on 11 January 2007, BA-CA AG took over HVB’s shareholding interest of 70.26 % in International Moscow Bank for a purchase price of € 1,078 m. With the closing of all transactions, BA-CA AG holds 90.03 % of International Moscow Bank’s share capital or 95.19 % of the voting share capital. The remaining shares are held by the European Bank for Reconstruction and Development (EBRD).
Cash compensation for minority shareholders of BA-CA AG
On 26 January 2007, UniCredit, which holds a 94.98 % interest in BA-CA AG, requested BA-CA AG, pursuant to Section 1 (1) of the Austrian Squeeze-out Act, to submit a proposal for a resolution at the Annual General Meeting of BA-CA to transfer to UniCredit the bearer shares held by minority shareholders against fair cash compensation.