UBI

Intesa’s UBI deal sounds wake-up call for Italy’s banks (Reuters)

July 31, 2020 | File Under: Banco BPM, Banking, BNP Paribas, Credit Agricole, FIG, Intesa, Italy, Mustier, UBI, Unibanco

“What is not clear is who will be doing the buying. By snapping up the healthiest second-tier lender, Intesa has removed the candidate slated to lead long-awaited deals between the handful of mid-market players which are most at risk from the threats facing the sector.” – by Valentina Za

Intesa Sanpaolo launches €4.9bn bid to buy Italian banking rival UBI Banca (FT)

February 19, 2020 | File Under: Banking, Financials, Intesa, Italy, Messina, UBI

“Intesa Sanpaolo, Italy’s biggest domestic lender, has launched a €4.86bn ($5.26bn) takeover bid for its rival UBI Banca in an audacious attempt to kick-start consolidation in Italy’s fragmented banking sector.” – by Stephen Morris, Arash Massoudi and Laurence Fletcher