July 27, 2020 / 4:26 PM / 10 days ago

Investor take-up in Intesa's bid for UBI reaches 43.5%

MILAN, July 27 (Reuters) - Italy’s second-biggest bank Intesa Sanpaolo has secured UBI shares accounting for just under 43.5% of the target’s capital on the second last day of its takeover bid, bourse data showed on Monday.

Intesa’s 4.1 billion euro ($4.8 billion) paper-and-cash offer to create the euro zone’s seventh-biggest banking group ends on Tuesday.

$1 = 0.8509 euros Reporting by Valentina Za; editing by James Mackenzie

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