Intesa Expects UBI's Takeover to Be Successful Following Deadline Extension
28 Julio 2020 - 1:09AM
Noticias Dow Jones
By Giulia Petroni
Intesa Sanpaolo SpA said late Monday that it expects its
takeover bid for smaller rival Unione di Banche Italiane SpA to be
fully successful following the Italian market regulator's decision
to extend the due date.
The offer was expected to end on Tuesday, but has been further
extended by two days to July 30, according to Consob.
The Italian bank said no additional amendments to the terms and
conditions of the offer are to be expected and added the final
result of the offer will be announced on August 4.
So far, Intesa has secured 43.5% of UBI.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 28, 2020 01:54 ET (05:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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