Bulgaria's UniCredit Bulbank to absorb unit UniCredit Factoring


Bulgarian lender UniCredit Bulbank said that it is planning to absorb its wholly-owned unit UniCredit Factoring. 

The merger is aimed at optimising expenditure and improving the offered factoring services, UniCredit Bulbank said in a commercial register filing last week.

UniCredit Bulbank was Bulgaria's second largest lender by assets at the end of November, according to registry agency data.



All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.