(ANSA) - MILAN, JULY 14 - The Crc Foundation, a shareholder of UbiBanca with 5.9% of the share capital, continues to consider Intesa Sanpaolo's public exchange offer unsatisfactory.
The board of directors and the general council of the body, which met today with the Socgen adviser and Pavesio e Associati law firm to proceed with the examination of the proposal, "confirmed that the IntesaSanpaolo oops, as currently proposed, presents elements that are not in line with the expectations of the Foundation itself ".
The General Council, "reaffirming the broadest confidence in the work of President Genta" entrusted him "unanimously" with the "mandate to continue the preliminary investigation and dialogue with the various parties involved".
(HANDLE).
Crc Foundation, the oops on Ubi does not meet our expectations
2020-07-15T19:50:18.814Z
The Crc Foundation, a shareholder of Ubi Banca with 5.9% of the share capital, continues to consider Intesa Sanpaolo's public exchange offer unsatisfactory. (HANDLE)