Italian bank stocks surge after Intesa launches surprise bid for UBI
Intesa Sanpaolo’s
surprise 4.86 billion euro ($5.26 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.
surprise 4.86 billion euro ($5.26 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.
Posted by Reuters
