Would Intesa Sanpaolo - UBI Banca alliance kick-off M&A operations in Italy?

Eugenia Jiménez
clock • 5 min read

Intesa Sanpaolo's recent takeover bid on rival UBI Banca, which according to a group of UBI Banca investors undervalues stock, has reopened the debate on banking consolidation in Europe. A group of UBI Banca investors holding 1.6% of the Italian bank's capital said on Monday that the takeover offer by Intesa Sanpaolo significantly undervalues the stock, the New York Times reported. The reaction came around one week after the Italian bank Intesa Sanpaolo launched a €4.86bn bid to acquire rival banking firm UBI Banca. The Italian bank, which is the biggest in the country, said it wou...

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Eugenia Jiménez
Author spotlight

Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.