* Confirms 2021 adj profit goal, sees H2 in line with H1
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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 .
* To seek ECB approval for dividends on 2019 and 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.
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.
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.
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.
* Acceptance stands at 26.4%, offer ends July 28
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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.