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KM Financial Solutions | UPDATE 1-Intesa’s surprise bid for UBI sparks surge in Italian bank stocks
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UPDATE 1-Intesa’s surprise bid for UBI sparks surge in Italian bank stocks

17 Feb UPDATE 1-Intesa’s surprise bid for UBI sparks surge in Italian bank stocks

Posted at 10:25h in News by
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Intesa Sanpaolo’s
surprise 4.86 billion euro ($5.3 billion) bid for smaller rival
UBI Banca, announced overnight, sent Italian bank
stocks surging on Tuesday as it kicked off a long-awaited
consolidation of the sector.

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