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UniCredit continues exit from cash equities via Kepler

The Italian bank will hand over its Central and Eastern European cash equity businesses to the investment bank with which it has a strategic alliance

UniCredit has continued its withdrawal from European equity sales and trading, with investment bank Kepler Capital Markets adding a number of the Italian bank's businesses in Central and Eastern Europe to the western operations it took charge of earlier in the year.

Kepler will distribute UniCredit's Central and Eastern European cash equity research as well as UniCredit's equity capital markets transactions in the region.

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