UPDATE 1-Intesa’s surprise bid for UBI sparks surge in Italian bank stocks
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.
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.
Posted by Reuters
