Edition:
India

Valentina Za

UPDATE 4 -UniCredit shuns Italy M&A wave, sees opportunities in COVID-19 crisis

06 Aug 2020

* Confirms 2021 adj profit goal, sees H2 in line with H1 (Updates shares, adds context and valuation, writes through)

Intesa seeks to boost dividend in 2021 after UBI deal

04 Aug 2020

MILAN Intesa Sanpaolo beat forecasts with its second quarter earnings on Tuesday and gave an upbeat dividend and profit outlook days after completing the takeover of smaller rival UBI .

UPDATE 3-Intesa seeks to boost dividend in 2021 after UBI deal

04 Aug 2020

* To seek ECB approval for dividends on 2019 and 2020 profits

Intesa's UBI deal sounds wake-up call for Italy's banks

30 Jul 2020

MILAN Intesa Sanpaolo's victorious battle for rival UBI has sent shockwaves through Italy's fragile banking sector as financiers try and work out who will be next in an industry ripe for consolidation.

Intesa secures full control in takeover battle for UBI

29 Jul 2020

MILAN Italy's Intesa Sanpaolo on Tuesday scored a complete victory in its takeover battle for UBI Banca , securing the two-thirds majority it needs to absorb the smaller rival and reap the biggest benefits from the deal.

Italy's Intesa says UBI bid to succeed as deadline extended

28 Jul 2020

MILAN Italy's Intesa Sanpaolo said it expected its takeover bid for rival UBI Banca to fully succeed as market regulator Consob extended it by two days to give shareholders more time to make an informed decision.

Italy's UBI rejects Intesa's improved takeover offer

24 Jul 2020

MILAN UBI Banca on Thursday rejected a sweetened takeover bid by rival Intesa Sanpaolo , saying it still failed to reflect the real value of Italy's fifth-largest bank and adequately reward its shareholders.

UPDATE 1-Italy's UBI rejects Intesa's improved takeover offer

24 Jul 2020

* Acceptance stands at 26.4%, offer ends July 28 (Adds details of offer, company background, comments by consumer association)

Intesa ups bid for UBI by 18% with cash sweetener

18 Jul 2020

MILAN Italy's Intesa Sanpaolo on Friday raised its bid for rival UBI Banca by 18%, adding a cash sweetener to secure investor backing for its plan to create the euro zone's seventh-largest banking group.

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