UniCredit and the buyback: a detailed analysis
In the period between October 28 and October, UniCredit made a significant purchase of 2,132,260 own shares, with an average price of 40.8275 euros per share. This investment resulted in a total value of more than 87 million euros, highlighting the bank’s commitment to strengthening its position on the stock market. The purchases are part of the 2024 buyback advance, an initiative approved by the Company’s Shareholders’ Meeting
.
Buyback strategy and impacts on share capital
As of November 1, 2024, UniCredit accumulated a total of 30,122,628 treasury shares, corresponding to 1.84% of the share capital. This figure is particularly significant since it represents 68.51% of the total amount of the 2024 SBB Advance. These transactions not only reflect the bank’s confidence in its value, but also a strategy aimed at optimizing the capital structure and returning value to shareholders. In addition, following the cancellation of its own shares, UniCredit currently holds 72,365,603 shares, equal
to 4.42% of the share capital.
Market context and future prospects
The current economic environment, characterized by political and financial uncertainties, makes these buyback transactions even more significant. On the day of the US presidential elections, the market showed a cautious start, with the Ftse Mib remaining almost unchanged (-0.1%) at 34,500 points. In this scenario, UniCredit’s strategic choices could influence not only its stock performance, but also that of the entire market. Investors are watching closely the bank’s moves, which may continue to implement buyback strategies to support its value and attract
new investors.