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Intesa Sanpaolo SpA (ISNPY.PK)

ISNPY.PK on OTC Markets Group

8.63USD
3 Apr 2020
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Latest Key Developments (Source: Significant Developments)

Italy's Bper says calculation to buy branches and assets from Intesa SP revised
Thursday, 19 Mar 2020 

March 19 (Reuters) - Bper Banca says::MECHANISM TO CALCULATE ACQUISITION OF BRANCHES AND ASSETS IN INTESA-UBI TIE-UP REVISED.ALL OTHER PROVISIONS AND TERMS BETWEEN BPER AND INTESA SANPAOLO ON FEB.17 REMAIN UNCHANGED.  Full Article

Intesa Sanpaolo Revises Deal With BPER Banca For Sale Of Some Branches
Thursday, 19 Mar 2020 

March 19 (Reuters) - Intesa Sanpaolo Spa ::CHANGES BINDING AGREEMENT WITH BPER BANCA FOR SALE OF SOME BRANCHES.CASH CONSIDERATION FOR DISPOSAL IS EQUAL TO THE LOWER AMOUNT PREVIOUSLY AGREED.AMOUNT PREVIOUSLY AGREED IS 55% OF CET1 CAPITAL OF GOING CONCERN, AND 80% OF IMPLIED MULTIPLE PAID FOR CET1 CAPITAL OF UBI BANCA.  Full Article

Intesa Sanpaolo Makes EUR 15 Bln In Credit Lines Available To Companies Facing Coronavirus Impact
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Intesa Sanpaolo SpA ::MAKES EUR 15 BILLION AVAILABLE IN CREDIT LINES TO SMALL AND MEDIUM SIZED COMPANIES FACING CORONAVIRUS IMPACT.  Full Article

U.S., Germany 5-yr CDS rise on coronavirus crisis - IHS Markit
Friday, 13 Mar 2020 

LONDON, March 13 (Reuters) - :MARKIT ITRAXX INDEX OF SUBORDINATED EUROPEAN FINANCIAL CDS ITEFS5Y=MG FALL 18 BPS TO 297 BPS FROM THURSDAY CLOSE .ITRAXX EUROPEAN CROSSOVER CDS INDEX ITEX05Y=MG FALLS 11 BPS FROM THURSDAY CLOSE TO 574 BPS .FIVE YEAR CDS OF COMMERZBANK CBKG5YEUAM=MG, UNICREDIT UNIC5YEUAM=MG, INTESA SANPAOLO BCIN5YEUAM=MG, SANTANDER RISE BETWEEN 2-6 BPS FROM THURSDAY CLOSE.UK BANKS HSBC HBCA5YEUAM=MG, BARCLAYS BCSB5YEUAM=MG AND ROYAL BANK OF SCOTLAND SEE 5-YEAR CDS FALL, RBS DOWN 13 BPS .FIVE-YEAR CDS FOR U.S. USGV5YUSAC=MG ADD 2 BPS FROM THURSDAY CLOSE TO 20 BPS, GERMANY DEGV5YUSAC=MG UP 4 BPS TO 21 BPS, SPAIN ADDS 7 BPS TO 112 BPS, PORTUGAL RISES 6 BPS TO 108 BPS .  Full Article

Payments Deferments by Italian banks are credit Negative for covered bonds - Moody's
Monday, 2 Mar 2020 

March 2 (Reuters) - Moody's says: :PAYMENTS DEFERMENTS OFFERED BY SOME ITALIAN BANKS ARE CREDIT NEGATIVE FOR COVERED BONDS.  Full Article

Intesa Says Voluntary Public Exchange Offer Launched By Co On All Ordinary Shares Of Unione Di Banche Italiane
Thursday, 27 Feb 2020 

Feb 26 (Reuters) - Intesa Sanpaolo SpA ::INTESA - VOLUNTARY PUBLIC EXCHANGE OFFER LAUNCHED BY INTESA SANPAOLO S.P.A. ON ALL ORDINARY SHARES OF UNIONE DI BANCHE ITALIANE S.P.A..  Full Article

Asset quality, cost control improve at Italy's largest banks - DBRS Morningstar
Monday, 24 Feb 2020 

Feb 24 (Reuters) - DBRS Morningstar says: :Q4 2019 RESULTS OF LARGE ITALIAN BANKS SHOW FURTHER PROGRESS ON ASSET QUALITY AND COST CONTROL.LOW INTEREST RATE ENVIRONMENT AND ONGOING DE-RISKING STILL WEIGH ON ITALIAN BANKS' CORE REVENUES.  Full Article

UBI Banca To Appoint Financial And Legal Advisors To Assess Intesa Sanpaolo's Offer
Wednesday, 19 Feb 2020 

Feb 19 (Reuters) - UBI Banca :TO APPOINT FINANCIAL AND LEGAL ADVISORS TO ASSIST THE GROUP IN CARRYING OUT THE ACTIVITIES DESIGNED TO ASSESS INTESA SANPAOLO'S OFFER.  Full Article

Intesa Sanpaolo CEO upbeat on outcome of UBI offer
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Intesa Sanpaolo Chief Executive Carlo Messina tells journalists: :UPBEAT ON OUTCOME OF UBI TENDER OFFER GIVEN STRONG PRESENCE OF INTERNATIONAL INVESTMENT FUNDS AMONG UBI SHAREHOLDERS.BANK'S BUSINESS MODEL IS SUCH THAT EUROPEAN CROSS-BORDER MERGER DEAL WOULD NOT CREATE VALUE.INFORMED UBI CEO VICTOR MASSIAH OF TAKEOVER OFFER IMMEDIATELY AFTER BOARD MEETING APPROVED IT.UBI CEO VICTOR MASSIAH, ONCE INFORMED, SAID HE WOULD ASSESS INTESA OFFER.UBI CEO MASSIAH WOULD BE WELCOME TO TAKE HIGH PROFILE JOB IN NEW GROUP.HE DOES NOT SEE OPPORTUNITIES IN INSURANCE SECTOR THAT COULD CREATE VALUE FOR SHAREHOLDERS.HE INFORMED ECONOMY MINISTER ROBERTO GUALTIERI OF UBI BID LATE ON MONDAY NIGHT.BANK'S SHAREHOLDERS WOULD SUFFER VERY MINOR DILUTION IF UBI DEAL GOES THROUGH, JUST 10% OF THEIR HOLDING, NEW GROUP WOULD HAVE CORE BASE OF ITALIAN INVESTORS.  Full Article

Intesa CEO says UBI offer was discussed with ECB supervisors
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Intesa Sanpaolo CEO Carlo Messina tells analyst call::IT WOULD BE "UNBELIEVABLE" FOR A BANK THAT IS A TOP PERFORMER IN EUROPE TO PRESENT OPERATION LIKE UBI TAKEOVER BID WITHOUT DISCUSSIONS WITH REGULATORS.PROUD TO HAVE MADE MOVE THAT WILL START CONSOLIDATION IN EUROPE'S BANKING SECTOR.NO INTENTION TO RAISE PRICE OF UBI BID OR CHANGE CONDITIONS, IT IS A VERY GOOD PRICE.ECB SUPERVISORS HAVE BEEN CLEAR THEY WANT CONSOLIDATION, IT IS ALSO A GEOPOLITICAL MATTER FOR EUROPE TO PLAY A ROLE NEXT TO U.S. AND CHINA WITH SUPPORT FROM BANKS.UBI BID WAS "NOT FRIENDLY IN A TECHNICAL WAY" ONLY BECAUSE IT WAS NOT POSSIBLE TO DO IT DIFFERENTLY.  Full Article

UBI shareholder group reiterates Intesa offer unacceptable

MILAN, April 6 UBI Banca's main shareholder group on Monday reiterated that a takeover bid by rival Intesa Sanpaolo was unacceptable, adding "even more so given the ongoing emergency".