By Pierre Bertrand

UniCredit shareholders have given their approval for the Italian bank to buyback up to 2.5 billion euros worth ($2.64 billion) of shares.

The measure was voted on during the bank's ordinary shareholder meeting, Friday.

The vote follows the European Central Bank's approval of the buyback plan late on Thursday.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

October 27, 2023 06:53 ET (10:53 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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