• Banks, Intesa Sanpaolo launches an offer of 4.9 billion on Ubi Banca
  • Oops Ubi bank: the stock flies

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20 February 2020The public exchange offer of Intesa Sanpaolo-Unipol on Ubi Banca, "as envisaged, appears hostile, not agreed upon, inconsistent with the implicit values ​​of Ubi and therefore unacceptable".

This is what is read in a press release of the Car, the consultation pact to which 17.8% of Ubi's capital adheres, which "is a healthy, stable, profitable bank, well managed for skills and human resources, competitive and recognized on the reference market, which is central to the country's socio-economic system, "continues the note in which the CAR does not rule out increasing its stake in the bank.

"We do not exclude anything," says Mario Cera, member of the steering committee of the pact, after the meeting. "The shareholders gathered in the CAR believe that they must protect their investment and the Bank with its reference territories at the same time and have engaged in a medium and long term project "

"We thought a lot today about Ubi's staff, Ubi's human resources, its assets are essentially its staff. We want to protect the bank as it is, we want to say it also because Ubi's member foundations also have social contents, not it is only the value of the shares that counts. Not only does the market exist, there are also territories ". This is what Mario Cera of the Ubi Car Steering Committee said at the end of the meeting of the pact that deemed Intesa Sanpaolo's oops "inadmissible".