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.
Ubi Banca (BIT:UBI)
Gráfica de Acción Histórica
De Ago 2020 a Sep 2020 Haga Click aquí para más Gráficas Ubi Banca.
Ubi Banca (BIT:UBI)
Gráfica de Acción Histórica
De Sep 2019 a Sep 2020 Haga Click aquí para más Gráficas Ubi Banca.