Executives at the soon-to-be merged UniCredit/HVB are considering two models for its central and eastern Europe business, according to sources. The final decision could also influence who will eventually run the new bank's operations in the region.
One potential structure is to merge all of UniCredit's CEE holdings into Bank Austria, HVB's subsidiary that is responsible for the German bank's CEE operations. The other possibility is to place UniCredit's and Bank Austria's combined central and eastern Europe assets into a new holding company.
Details on the final model have yet to be hammered out, according to a source at Bank Austria. Erich...
