20-06-2020 21:14 via uk.finance.yahoo.com

Italy's Intesa expects approval of UBI offer document next week, source says

Italian market regulator Consob is expected to approve the document for Intesa Sanpaolo'sexchange offer for rival UBI Bancanext week, a person familiar with the matter said on Saturday.Intesa filed the investor prospectus for the offer with Consob late on Friday after including the outcome of a key hearing it held with Italy's antitrust authority the previous day, the person said.The bid unveiled by Intesa in February to create the euro zone's seventh-largest banking group had run into difficult
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