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 KMFSLLP
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.
![](http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/oGcbMdOhP58)
Sorry, the comment form is closed at this time.