“With the conclusion of Intesa Sanpaolo’s takeover and exchange offer on Ubi Banca, a giant in the banking world was born in Italy. A strategic choice that gives our country an operator of European dimensions, able to finally ensure stability in the sector. We hope that this new and important banking reality, in line with the souls of the two groups, will be increasingly at the service of the territories, local communities and businesses, especially small ones.
Italian PMI need financial support to get out of the shifting sands of this crisis caused by Covid and the role of banks at this stage becomes essential.”
This was declared by the general secretary of Unimpresa, Raffaele Lauro, commenting on the conclusion of Intesa Sanpaolo’s OPAS on the Ubi group.