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Understanding: ok great Car partners in Opas on Ubi, success just a step away

2020-07-28T10:49:44.177Z


The CAR, the union pact that brings together some large shareholders of Ubi Banca, has decided to join the Opas launched by Intesa Sanpaolo on the ex-Popolare. (HANDLE)


(ANSA) - MILAN, JULY 28 - The Car, the union pact which brings together some large shareholders of Ubi Banca, has decided to opt out of the Opas launched by Intesa Sanpaolo on the ex-Popolare.
   A decision taken "after partial recognition - explain the large shareholders who control almost 19% of Ubi- of the economic value of Ubi Banca" following the relaunch of Intesa with a premium of 57 cents per share, in addition to the exchange of 17 bank shares bidder every 10 delivered.
   The adhesion of the Car guarantees the entire share to Opas, projecting Intesa towards the easy overcoming of 66.7% of Ubi's capital, necessary to control its extraordinary shareholders' meeting. With the two-day extension of the times for adhesion ordered by Consob, the securities have realigned in Piazza Affari to the value of the Opas. Ubi Banca (+ 7.5%) was exchanged at 3.55 euros, resulting in a difference of only 2 hundredths compared to the calculation based on Intesa's price (-1.39% at 1.77 euros). (HANDLE).

Source: ansa

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