Tuesday, January 24, 2017

Intesa SanPaolo comes out of the closet: the evaluations in the course on General – Sun 24 Hours

After days of no comment, in the evening Understanding Sanpaoloha confirmed that there are ongoing evaluations on the “possible combinations industrial” with the Lion of Trieste. It is the first confirmation of the yard of these weeks, which at the moment would be to study a huge public exchange offer on the majority of the Leone to build a champion not only national but european, destined to become the safe of the savings of italians (and 150 billion Btp) but also to experience a new model of agglomeration and the bank-insurance.



in General, a move anti-climbing: buy the 3% of Intesa SanPaolo

“Intesa Sanpaolo confirms, in line with the Business Plan 2014-2017, be made known to the market, the interest for the industrial growth in the field of asset management, private banking and insurance, in synergy with its banking networks, also with the potential for international partnerships”, reads the note. “The management of Intesa Sanpaolo group regularly assesses the growth options with endogenous and exogenous, including those proposed by the banks business, according to the stringent criteria of the preservation of the leadership of capital adequacy and in line with the policy of the creation and distribution of value for its shareholders”.

THE RELATIONS OF FORCE IN the INSURANCE
Capitalization in billions of euros

“In view of this, the management of the Intesa Sanpaolo currency and will continue to carefully assess every possible opportunity for strengthening of its competitive positioning and a result of prospective performance and financial of the Group”. A speech broad-spectrum, therefore, in which, however, the General would have a prominent place: “These opportunities, including possible combinations with industry-Assicurazioni Generali, are the subject of on-going evaluations by management,” confirms the group led by Carlo Messina.



To the shareholders of the General the priority is to create value

The market, waiting to hear more, sells the potential predator (today Intesa has lost another 4.2%), and buy-in the potential prey (General, a +8%, again above 15 euro a year), in the wake of the press rumors and reports, especially from abroad, emphasise the efforts to which you may be calling the bank in the case that pointed really to the Lion.
The Consob will try to clear up tomorrow, and after, days in which he convened the management of Intesa Sanpaolo, Generali, but also Unicredit. Piazza Gae Aulenti, the leading shareholder of Mediobanca, and then with interest evident on General (of which the Piazzetta Cuccia is the first member to the 13,04%) may have had a role in the defensive move performed by the General on Monday, however, in one style resolute, not so far from that which he has given proof Jean Pierre Mustier in his first months as ceo.

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