Ubi: Messina, shareholder companies are strategic partners

Who can have an impact on the real economy and on the social economy, like foundations, is for us a partner and a strategic shareholder ". Carlo Messina, CEO of Intesa Sanpaolo, said in an interview with Tg5 which will wave in tonight's edition at 8pm. Messina also turned to entrepreneurs: "in this area there are many entrepreneurs who are shareholders of Ubi, they represented the basis and history of this bank, and we also want them to remain towards them stable shareholders of Intesa Sanpaolo ". Between now and July 28, the deadline for the offer on Ubi - Messina explained -" small shareholders will be absolutely our priority ".
    With the relaunch of the offer on Ubi decided yesterday, which provides for a part in cash, "we will make 650 million euros in cash available to Ubi shareholders, in addition to the premium already foreseen, and this we believe will also allow us to guarantee in the territories most affected by the covid, the territory of Brescia, Bergamo, Cuneo and Pavia, of the liquidity that will favor families and entrepreneurs in their decisions to support consumption ". Intesa Sanpaolo CEO Carlo Messina said it - speaking of a "truly significant figure that can accelerate the real and social economy of those territories", in an interview with Tg5 on air tonight. Messina stressed that "those who join remain shareholders, because they will take Intesa Sanpaolo shares with a premium compared to Ubi shares, and in addition they will have this significant availability of cash. To have this, obviously, families will have to go to their branches and ask the conversion of Ubi securities into Intesa Sanpaolo securities ". Messina has also outlined the strategic repercussions at national level that Intesa Sanpaolo sees in the operation: "the objective of this improvement in the offer is to make it possible to set up this large group that aims to be the engine and accelerator of the relaunch of the country in such a complicated phase, "he explained. "It is precisely at a time like this that Italy needs a bank that can even more represent the support for the rebirth and revitalization of the country. We are going through a phase with a GDP that will certainly be strongly impacted by what is happening not only in Italy, but all over the world. I believe that further strengthening a European champion like Intesa Sanpaolo, strengthening it and allowing it to have even more opportunities to impact on the territories is even more strategic for our country ".