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Unione Di Banche Italiane SCPA (UBI) Eur2.5

Sell:€3.65 Buy:€3.78 Change: €0.03 (0.80%)
Market closed |  Prices as at close on 14 August 2020 | Switch to live prices |
Takeover

Unione Di Banche Italiane SCPA Eur2.5

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Jul 2020)

What has happened?

 

The Boards of Unione Di Banche Italiane SCPA and Intesa Sanpaolo have recently announced the terms of a Tender Offer. Under the terms of the Offer holders of Unione Di Banche Italiane SCPA Shares can elect to receive 1.7 of an Intesa Sanpaolo Share for each Unione Di Banche Italiane SCPA Share held.

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Depending on the level of acceptance the bidder may seek to delist and/or compulsory acquire any remaining Shares at a later date.

 

Option 2 – Accept the Share Offer. You can give an instruction to receive 1.7 of an Intesa Sanpaolo Share for each Share held. Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The Shares will be credited to your Account upon receipt from the Registrar.

 

Any instruction must be received by noon on Friday 24 July 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:€3.65
Buy:€3.78
Change: €0.03 (0.80%)
Market closed |  Prices as at close on 14 August 2020 | Switch to live prices |
Takeover

Unione Di Banche Italiane SCPA Eur2.5

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Jul 2020)

What has happened?

 

The Boards of Unione Di Banche Italiane SCPA and Intesa Sanpaolo have recently announced the terms of a Tender Offer. Under the terms of the Offer holders of Unione Di Banche Italiane SCPA Shares can elect to receive 1.7 of an Intesa Sanpaolo Share for each Unione Di Banche Italiane SCPA Share held.

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Depending on the level of acceptance the bidder may seek to delist and/or compulsory acquire any remaining Shares at a later date.

 

Option 2 – Accept the Share Offer. You can give an instruction to receive 1.7 of an Intesa Sanpaolo Share for each Share held. Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The Shares will be credited to your Account upon receipt from the Registrar.

 

Any instruction must be received by noon on Friday 24 July 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:€3.65
Buy:€3.78
Change: €0.03 (0.80%)
Market closed |  Prices as at close on 14 August 2020 | Switch to live prices |
Takeover

Unione Di Banche Italiane SCPA Eur2.5

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Jul 2020)

What has happened?

 

The Boards of Unione Di Banche Italiane SCPA and Intesa Sanpaolo have recently announced the terms of a Tender Offer. Under the terms of the Offer holders of Unione Di Banche Italiane SCPA Shares can elect to receive 1.7 of an Intesa Sanpaolo Share for each Unione Di Banche Italiane SCPA Share held.

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Depending on the level of acceptance the bidder may seek to delist and/or compulsory acquire any remaining Shares at a later date.

 

Option 2 – Accept the Share Offer. You can give an instruction to receive 1.7 of an Intesa Sanpaolo Share for each Share held. Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The Shares will be credited to your Account upon receipt from the Registrar.

 

Any instruction must be received by noon on Friday 24 July 2020.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Unione di Banche Italiane SpA is an Italy-based holding company engaged in the governance, control, coordination and support of Unione di Banche Italiane Group. Its activities are divided into three business segments. The Banking sector comprises of nine network banks of the Group, including IW Bank SpA, Banque de Depots et de Gestione SA and UBI International SA. The Non-banking financial sector includes Centrobanca SpA, Ubi Leasing SpA, Ubi Factor SpA, Ubi Pramerica SGR SpA, Banca 24-7 SpA, Silf SpA, Prestitalia SpA, Ubi Fiduciaria SpA and UBI Gestioni Fiduciarie SIM SpA. The Corporate Centre segment comprises UBI Banca Scpa and Ubi Sistemi e Servizi Scpa, among others. Is is engaged in the corporate banking, consumer credit, asset management, factoring, leasing, bancassurance sectors, among others. It operates through Banca Marche, Banca Etruria, CariChieti, Nuova Banca delle Marche Spa, Nuova Cassa di Risparmio di Chieti SpA and Nuova Banca dell Etruria e del Lazio SpA.

Contact details

Address:
Piazza Vittorio Veneto 8
BERGAMO
24122
Italy
Telephone:
+39 (035) 392111
Website:
https://www.ubibanca.it/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
UBI
ISIN:
IT0003487029
Market cap:
€4.31 billion
Shares in issue:
1.14 billion
Sector:
Diversified Banks
Exchange:
Milan Stock Exchange
Country:
Italy
Currency:
Euro
Indices:
n/a

Key personnel

  • Letizia Brichetto Arnaboldi Moratti
    Chairman of the Board, Chairman of the Management Board
  • Victor Massiah
    Chief Executive Officer, General Manager, Director
  • Roberto Nicastro
    Independent Deputy Chairman of the Board
  • Elvio Sonnino
    Senior Deputy General Manager, Chief Operating Officer, Member of the Management Board
  • Frederik Geertman
    Deputy General Manager, Chief Commercial Officer
  • Rossella Leidi
    Deputy General Manager, Chief Wealth and Welfare Officer

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.