UniCredit Elevates Strategic Position With Major Increase in Alpha Bank Stake

by THEFUTURE.TEAM

September 3, 2025

Strategic Expansion In Greece

UniCredit has taken a decisive step to augment its footprint in the Greek banking sector by increasing its stake in Alpha Bank. The move, executed through financial instruments that secure the right to an additional 107,770,830 shares—or 4.655% of Alpha Bank’s share capital—signifies a clear pursuit of market consolidation and growth.

Regulatory Framework And Execution

On August 28, 2025, Alpha Bank confirmed the development, noting that the transaction was conducted in accordance with Law 3556/2007. The Italian banking giant employed financial derivatives with a primary cash settlement option and an alternative physical settlement, contingent upon obtaining the requisite supervisory approvals. This method underscores UniCredit’s meticulous approach to compliance while pursuing strategic expansion.

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Ambitious Growth Objectives

UniCredit has publicly declared its ambition to further strengthen its presence in Greece. With plans to increase its participation in Alpha Bank to 26%, and an ultimate target of up to 29.99% of the company’s share capital, the bank has set a robust path for strategic influence. Until the necessary authorizations are secured, UniCredit will maintain a stake above 9.99% through financial derivatives, which will be converted into shares following regulatory approval.

Market Implications

This tactical maneuver is an integral part of UniCredit’s broader agenda to fortify its position in the Greek banking market. By enhancing its shareholding in a key financial institution like Alpha Bank, UniCredit is not only bolstering its market influence but also setting a precedent for future collaborations and strategic partnerships within the region.

The calculated use of financial instruments and adherence to regulatory mandates exemplify UniCredit’s commitment to sustainable growth and strategic market positioning, marking a significant milestone for both the bank and the broader financial landscape in Greece.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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