FILE PHOTO: Intesa San Paolo bank logo is seen at the headquaters in Turin, Italy, November 7, 2018. REUTERS/Stefano Rellandini/File Photo
MILAN (Reuters) - Investors have tendered shares in Intesa Sanpaolo’s (ISP.MI) takeover bid for UBI Banca (UBI.MI) equal to 17.16% of the target’s capital, the Italian bourse said on Wednesday.
That compares with a take-up of 8.49% on Tuesday.
The offer runs until July 28 and needs acceptance from 50% of UBI’s capital plus one share to be valid.
Reporting by Valentina Za, editing by Giulia Segreti