Sale Understanding and goes down Generali. Trend in two diametrically opposite directions a Business Square for the two groups after Intesa's abandonment of the integration project with Generali: the Milanese bank recorded an increase of more than 5%, signaling itself as the pink jersey in the Italian list, while the Trieste group wears the black jersey, with a decrease of around 4%.
The announcement of the bank headed by had arrived on Friday Charles Messina, who explained that he had not "identified opportunities in a possible combination with Generali". The institute has therefore decided that "it will endogenously increase the creation and distribution of value for its shareholders, while preserving its leadership in terms of capital adequacy".
The positive reaction of the market is also linked to the disappearance of the risk of a maxi-operation which could lead to a dilution of the shareholders and limit the distribution of dividends in the future. In this motion, having dispelled the many doubts about such an operation, peace has returned to the title of Intesa, and attention is mostly directed to the development plan for 2020 which will be presented by the institute.
Opposite speech for Generali. The analysts of Equita Sim they revised their rating on the share of the Trieste group downwards. Deprived of the speculative appeal of the last few months, the judgment on Generali was brought back to hold from the previous buy, while the new target price was set at 15 from the previous 19 euros.
