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KM Financial Solutions | Intesa gets ECB nod for UBI takeover, waives ‘MAC’ clause
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Intesa gets ECB nod for UBI takeover, waives ‘MAC’ clause

04 Jun Intesa gets ECB nod for UBI takeover, waives ‘MAC’ clause

Posted at 18:25h in News by
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Italian bank Intesa Sanpaolo
said on Friday it had received European Central Bank
authorisation to take over smaller rival UBI Banca,
adding it was waiving a clause that would have allowed it to
drop the deal due to COVID-19.

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