Intesa Sanpaolo : La Grande Belleza; Buy recommendations on ISPIM and UBIIM
Surprising, but convincing combination; bid likely to go through - >ISPIM surprisingly announced late Monday an all-share bid for UBIIM while UBIIM had the same day presented its 2022 strategic plan. If the bid succeeds, the combined entity would become one of the largest banking group in the Eurozone with domestic market shares of more than 20% in loans, deposits, asset management and life insurance in Italy, strengthening further ISPIM’s scale but also distribution ...Intesa Sanpaolo is a commercial bank. Co. is engaged in lending and deposit collection operations in Italy and associated financial services, serving Households, Personal, Small Business, Private and Small and Medium Enterprise customers. Co. provides medium-term credit, leasing, factoring and agribusiness (Mediocredito Italiano), consumer credit (Intesa Sanpaolo Personal Finance), management of electronic payments (Setefi), and trust services (Sirefid). Co. has approximately 4,300 branches, including Retail and Business branches, distributed broadly throughout Italy. At Dec 31 2014, Co. had total assets of Euro646.43 billion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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