Intesa Sanpaolo SpA (ISPn.MI) Key Developments | Reuters.com
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Intesa Sanpaolo SpA (ISPn.MI)

ISPn.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

UniCredit SpA and Intesa Sanpaolo SpA transfer a portfolio of loans worth around 1 billion euros to a vehicle entirely controlled by KKR
Friday, 17 Apr 2015 12:32pm EDT 

Intesa Sanpaolo SpA:Unicredit and Intesa Sanpaolo sign a Memorandum of Understanding with KKR and Alvarez & Marsal.Creation of a securitization vehicle, the "130 Vehicle" and a joint-stock company, the "SPA", to control the vehicle.Vehicle to pool certain portfolios of receivables from medium and long-term loans as well as shares or participating instruments.KKR to be controlling shareholder of the company.Portfolios estimated to have a value of around 1 billion euros.Banks to receive notes of diversified seniority issued by the 130 Vehicle and participating instruments issued by SPA.Aim of Memorandum of Understanding is turnaround and re-launching of medium-large companies.  Full Article

Intesa Sanpaolo SpA: Management Board approves partial demerger of Intesa Sanpaolo Personal Finance SpA and demerger of Mediocredito Italiano SpA
Friday, 10 Apr 2015 11:35am EDT 

Intesa Sanpaolo SpA:Management Board approves plan for the partial demerger of Intesa Sanpaolo Personal Finance SpA in favour of Intesa Sanpaolo SpA.Management Board approves plan for the simultaneous partial demerger of Mediocredito Italiano SpA in favour of Intesa Sanpaolo SpA and Intesa Sanpaolo Provis Srl.  Full Article

DBRS improves Intesa Sanpaolo trend to stable and confirms its ratings
Thursday, 2 Apr 2015 12:20pm EDT 

Intesa Sanpaolo SpA:Says DBRS has confirmed its long-term rating at A (low) and improved trend to Stable from Negative.DBRS has also confirmed short-term rating at R-1 (low) and maintained Stable trend.  Full Article

Intesa Sanpaolo SpA says Moody's may raise rating following review
Wednesday, 18 Mar 2015 04:05am EDT 

Intesa Sanpaolo SpA:Says Moody's is expected to raise rating to Baa1 from Baa2 following review.Moody's affirms P-2 short-term rating.  Full Article

Intesa Sanpaolo SpA launches a 1.5 billion euros seven-year benchmark eurobond
Wednesday, 25 Feb 2015 12:49pm EST 

Intesa Sanpaolo SpA:Launches 1.5 billion euros senior unsecured benchmark eurobond targeted at international markets.The seven-year, fixed-rate bond is issued under the Euro Medium Term Notes Programme of Intesa Sanpaolo.The 1.125 pct coupon is payable in arrears on March 4 of each year.The re-offer price is 99.639 pct.Banca IMI, BNP Paribas, HSBC, Morgan Stanley and UBS Investment Bank act as joint lead managers for the placement of the bond.  Full Article

Intesa Sanpaolo SpA proposes FY 2014 dividend of 0.07 euros per share-Reuters
Tuesday, 10 Feb 2015 07:59am EST 

Intesa Sanpaolo SpA:Proposes FY 2014 dividend of 0.07 euros per share, up from 0.05 euros last year-Reuters.  Full Article

Intesa Sanpaolo SpA approves partial demerger of Intesa Sanpaolo Group Services S.c.p.A.
Friday, 30 Jan 2015 05:53am EST 

Intesa Sanpaolo SpA:Management Board approves the partial demerger of Intesa Sanpaolo Group Services S.c.p.A. in favor of Intesa Sanpaolo S.p.A.  Full Article

UBS says Intesa Sanpaolo and Private Equity International sell all its stake in NH Hotel Group
Friday, 23 Jan 2015 02:35am EST 

NH Hotel Group SA:UBS places NH Hotel Group SA shares for 4.25 euros per share.UBS says sells NH Hotel Group SA shares for a total of 113.8 million euros.UBS says Intesa Sanpaolo SpA and Private Equity International SA sell all its stake in NH Hotel Group.  Full Article

UBS to place 7.6 pct of NH Hotel Group for Intesa Sanpaolo and Private Equity International
Thursday, 22 Jan 2015 12:11pm EST 

NH Hotel Group SA:UBS to carry out a private placement of 7.6 pct of NH Hotel Group SA on behalf of Intesa Sanpaolo SpA and Private Equity International SA.  Full Article

FILA to be merged into Space SpA through acquisition of FILA's shares from Intesa Sanpaolo SpA and from Venice European Investment Capital SpA
Thursday, 15 Jan 2015 01:29pm EST 

Space SpA:Says that Fabbrica Italiana Lapis e Affini SpA (FILA) has approved business combination and merger by incorporation of FILA into the company.Says the proposal includes acquisition by the company of 15.49 pct of share capital of FILA for a total of 39 million euros from Intesa Sanpaolo SpA or its units and from Venice European Investment Capital SpA (VEI).Says VEI will remain the shareholder of the post merger company with a 10.38 pct stake and its shares in FILA will be canceled.Says that the company will issue new shares to its current shareholders for a total consideration of 26.9 million euros or 2 euros per share and will pay a compensation to market warrant holders for an amount not exceeding 1.6 million euros or 0.19 euros per warrant.Says the former shareholders of FILA will receive the company's shares in exchange at the exchange ratio of maximum of 16.80 shares of new Space shares for each FILA share (if the company exercises the reserves) or a minimum of 13.44 the company's shares for each of FILA share.Says the transaction is planned to be closed in the first half of 2015.Says the new entity post the merger will be renamed FILA and will apply for listing on the MTA market of the Italian stock exchange before Dec. 31.  Full Article

BRIEF-Atlante fund has enough cash to significantly cut banks' bad loans - Intesa CEO

* Atlante bank rescue fund currently has enough cash to significantly reduce bad loans at Italian banks