UniCredit withdraws from the Warsaw Stock Exchange

UniCredit has decided to withdraw from the Polish stock exchange. Such action was already anticipated from 2017, when the Italians sold Pekao shares ceasing to be the shareholder of the then second largest bank in Poland.
The current valuation of UniCredit amounts to 110 billion PLN – for comparison, Polish companies listed on the WSE are worth about 570 billion PLN, and foreign 80 billion PLN. Nevertheless, the turnover of Italian bank papers remains negligible, and the current situation will not have a positive effect.