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ROME, July 6 (Reuters) - The value and the synergies of the takeover bid by Intesa Sanpaolo ISP.MI for UBI Banca UBI.MI are higher than those estimated by UBI's board, Intesa said on Monday.
MILAN, July 17 (Reuters) - A UBI Banca UBI.MI shareholder group holding 8% of the Italian bank will tender its shares in the takeover bid launched by Intesa Sanpaolo ISP.MI for its smaller rival ...
Italian lender UBI Banca is not studying any M&A options, the bank's CEO Victor Massiah said on Wednesday, denying a report in daily La Repubblica about a potential tie-up with smaller rival ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The board of UBI Banca on Friday rejected a €4.86bn hostile takeover bid from Italian rival Intesa ...
Intesa Sanpaolo ’s surprise bid for UBI Banca has stunned the financial community in Milan and beyond. At €4.9 billion, it’s Europe’s biggest bank takeover bid for a decade. It looks like a throwback ...
Intesa’s UBI merger, if it happens, would be Europe’s biggest bank takeover in a decade. It would combine Italy’s biggest bank by domestic share, Intesa, with one of the strongest lenders in the rich ...
UBI Banca is one of the leading commercial banking groups in Italy by stock capitalisation, with a market share of approximately 7%, 1,566 branches in Italy and approximately 19,629 employees.
The offer for UBI Banca SpA took the market by surprise, mostly because many European banks have resisted entering into merger talks, citing high costs and risks associated with a combination and ...
An Italian court on Friday acquitted the former top executives of UBI Banca in a trial over alleged governance irregularities at the regional bank, which is now part of the Intesa Sanpaolo group.
Italy's fifth-biggest retail bank UBI Banca <UBI.MI> recorded a 13.4 percent rise in first-quarter net profit to 219.3 million euros and said it confirmed its future targets.