Tuesday, January 24, 2017

Bag: castling on the General (+8,2%) not curb speculation, +5.6% in Mediobanca and Il Sole 24 Ore

24/01/2017 17:40

Volumes are rising in the 3% of the insurance group. -4,4% Understanding (Il Sole 24 Ore Radiocor Plus) – Milan, 24 feb – The move the defensive General on the Intesa Sanpaolo group, of which Trieste he has “booked” a 3% to trigger the constraints of the mutual holdings, is not convincing for the market to leave the speculation on a change in view for the the insurance company much more that increase to the voices of the a possible exchange offer to study on the part of the the banking group. In a session with volumes close to 3% of capital, top in September, the title was the best of Piazza Affari, gaining 8.2% and allowing the Ftse Mib drive the rise in Europe. The alleged suitor Intesa yielded 4.4 per cent, with trade in close to 2% of the share capital.
The chairman of Intesa Sanpaolo, Gian Maria Gros-Pietro, has pointed out that the meeting of the board of di rectors in the calendar of Friday will be based around the examination of the budget for 2017 and not for the dossier-General but the operators give chance to the hypothesis that the institute can consider the idea of launching an offer on 60% of Trieste(the minimum required by the Fsa to drop the limits of the dimensions crossed). Analysts Intermonte try to suggest an ops that checks in General a value of at least 18 euros per share, while others shift the focus on Mediobanca (+5.6%) and, in particular, on the share held by the latter (13%) in the capital of the insurance group.: and’ try to imagine Equita Sim (not excluding in the viewfinder of Understanding there is the whole “Mediobanca”) and the Bank Akros (which, instead, thinks of a Unicredit willing to sell the his package the first member of Mediobanca). Analysts Hammer Partners do not forget the role that in the the game will have the Allianz group: “Intesa Sanpaolo you may be interested in the Life branch and the branch with Damage on the Italy and Banca Generali, Allianz could be interested in the Life insurance and Damages branch of the General France and the rest of the group, excluding Germany where it we believe there may be some risks antitrust”.
The hypothesis of “stew” have kept alive the sector of the savings managed by the subsidiary of Trieste, the Bank the Generals, the protagonist of another +0.8 percent (after the jump yesterday, helped by “buy” of Mediobanca Securities), as the the broker looking at a possible pole of the managed savings with Banca Fideuram Intesa group.
hair dryer (RADIOCOR) 24-01-17 17:39:59 (0538)ASS 3 NNNN

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