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FIGFIG People and Markets

Italian assets fly as Intesa launches shock bid for UBI

Intesa_Sanpaolo_PA_575x375_180220

Intesa Sanpaolo caught the market by surprise when it launched a takeover bid for UBI Banca on Monday night. The announcement sent credit and equity valuations surging higher, with investors pinning their hopes on consolidation in the Italian banking sector.

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