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United Kingdom

Andrea Mandala

UPDATE 2-Banco BPM says on merger alert after Intesa UBI tie-up

06 Aug 2020

MILAN, Aug 6 Banco BPM, Italy's third-largest bank, is on alert for expected further consolidation in the banking sector following Intesa Sanpaolo's takeover of smaller rival UBI, the bank's chief executive said on Thursday.

Italy's UBI rejects Intesa's improved takeover offer

23 Jul 2020

MILAN UBI Banca on Thursday rejected a sweetened takeover bid by rival Intesa Sanpaolo , saying it still failed to reflect the real value of Italy's fifth-largest bank and adequately reward its shareholders.

Intesa ups bid for UBI by 18% with cash sweetener

17 Jul 2020

MILAN Italy's Intesa Sanpaolo on Friday raised its bid for rival UBI Banca by 18%, adding a cash sweetener to secure investor backing for its plan to create the euro zone's seventh-largest banking group.

Intesa gains Italy's antitrust approval for UBI deal

16 Jul 2020

MILAN Italy's Intesa Sanpaolo on Thursday secured antitrust approval for its $4 billion (3 billion pounds) takeover bid for rival UBI Banca , overcoming a major hurdle to one of Europe's biggest banking mergers in a decade.

UBI spurns Intesa's offer and pledges to boost dividends

03 Jul 2020

MILAN UBI Banca on Friday rejected a takeover bid by rival Intesa Sanpaolo as inadequate and risky for its shareholders, while pledging to boost dividends despite cutting profit forecasts.

Italy bank showdown looms in test for European consolidation

01 Jul 2020

MILAN/LONDON As many bankers fled Italy's financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca's Milan offices.

Italy bank showdown looms in test for European consolidation

30 Jun 2020

MILAN/LONDON As many bankers fled Italy's financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca's Milan offices.

FOCUS-Italy bank showdown looms in test for European consolidation

30 Jun 2020

MILAN/LONDON, June 30 As many bankers fled Italy's financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca's Milan offices.

Intesa maintains profit goal even if unable to merge with UBI

26 Jun 2020

MILAN Intesa Sanpaolo expects synergies from its proposed takeover of UBI Banca would be only slightly less if it cannot fully incorporate its Italian rival, and would not affect a 2022 profit goal of at least 5 billion euros ($5.6 billion).

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