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Intesa Sanpaolo launches takeover bid for Ubi bank

2020-02-17T23:23:43.095Z


Intesa Sanpaolo launches a voluntary public exchange offer on all Ubi Banca shares. (HANDLE)


(ANSA) - MILAN, FEB 18 - Intesa Sanpaolo launches a voluntary public exchange offer on all the shares of Ubi Banca. For every 10 Ubi shares tendered for the Offer, 17 newly issued IntesaSanpaolo ordinary shares will be paid, thus valuing Ubi 4.86 billion, the figure corresponds to a premium of 27.6% on the values ​​valid on Friday 14 February.

Source: ansa

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