Crucial day for Ubi Banca and the fate of the Ops launched by Intesa Sanpaolo. There Banca Monte di Lombardia Foundation, a significant shareholder in Ubi's capital with a 4,986% stake, takes the field in the battle over the public purchase offer promoted by Intesa Sanpaolo on 100% of the Bergamo institute. And he does it in a surprise move: according to reports The Sun 24 hours, in fact, the Pavia institution said available to evaluate the Ops at 360 degrees launched by Cà de Sass on Ubi (the membership period will start at 8.30 on Monday 6 July and end at 17.30 on Tuesday 28).
The spotlights are therefore focused on the meeting of the Board of Directors of Ubi, scheduled for today 3 July, which will have to review the 2022 Business Plan presented a few months ago but before the launch of Intesa's Ops.
“As a Banca del Monte di Lombardia Foundation – said the president of the Foundation on Thursday, Aldo Poli – we are available to evaluate and study the terms of the offer launched by Intesa Sanpaolo on Ubi, of which we are shareholders. What interests us is the protection of the territory and the valorisation of the Foundation's investment”.
Words all the more significant because they arrive on the eve of the Ubi board meeting which – in all likelihood – will brand Intesa's offer as “hostile”.
If the Banca Monte di Lombardia Foundation chooses to join the Ops, it would split the front of the relevant shareholders' committee, which controls 19% of Ubi and immediately said he was against the offer.
"We have appointed the advisor SocGen – continued Poli – who will tell us whether the terms of this exchange are favorable or not. After that, we'll make our assessments." Times? One week for the final verdict.
Meanwhile, sources close to the Car consultation pact among the historic shareholders of Ubi Banca comment coldly on the interview with Sun 24 Hours of the President of the Banca Monte di Lombardia Foundation: "Refer to tomorrow (today, ed), and any developments in the offer, for further evaluations”.
Beyond the internal dynamics of Ubi's capital, the uncertainty of the Antitrust judgment remains in the background, which should arrive in the second half of July and represents the last institutional go-ahead necessary to make the offer effective.
If all goes as planned, Intesa expects to pay the amount due and close the Ops on Ubi on August 3.
SECURITY UPDATE TRAINING
By mid-morning, Ubi's share on the Stock Exchange gained 2,8%, achieving the best rise of the Ftse Mib.
