Intesa gets ECB nod for UBI takeover, waives ‘MAC’ clause
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.
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.
Posted by Reuters
