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Intesa Sanpaolo SpA (ISPn.MI)

ISPn.MI on Milan Stock Exchange

2.54EUR
22 May 2017
Change (% chg)

€-0.12 (-4.58%)
Prev Close
€2.66
Open
€2.56
Day's High
€2.57
Day's Low
€2.53
Volume
13,426,204
Avg. Vol
8,858,811
52-wk High
€2.72
52-wk Low
€1.46

Latest Key Developments (Source: Significant Developments)

Intesa in talks with 14 banks to syndicate Rosneft deal loan -exec
Tuesday, 28 Feb 2017 02:09am EST 

Intesa Sanpaolo : Lender is talking to 14 banks to syndicate a 5.2 billion euro ($5.5 billion) loan it provided to fund the purchase of a 19.5 percent stake in Russia's Rosneft by Glencore and Qatar's sovereign wealth fund, said Antonio Fallico, chairman of Banca Intesa Russia. Further company coverage: [ISP.MI] ($1 = 0.9434 euros) (Reporting by Moscow Newsroom) ((jack.stubbs@thomsonreuters.com; +44 2075 427 477; Reuters Messaging: jack.stubbs.thomsonreuters.com@thomsonreuters.net)).  Full Article

Intesa chairman says no request yet from Generali for board seat
Wednesday, 22 Feb 2017 04:26am EST 

Intesa Sanpaolo Chairman Gian Maria Gros-Pietro says: No request to date from insurer Generali for a seat on the Intesa board Further company coverage: [GASI.MI] (Reporting by Milan newsroom).  Full Article

Alitalia to present revised business plan by end-Feb
Thursday, 16 Feb 2017 01:57pm EST 

Italian airlines Alitalia says: Revised business plan to be presented by the end of the month . Etihad Airways reaffirmed its commitment to support Alitalia's turnaround . Challenges remain to achieve cost structure that will allow company to remain competitive . Banking shareholders fully aligned in working towards successful future for airline Further company coverage: [CRDI.MI] (Reporting by Milan newsroom).  Full Article

Intesa chairman: there's nothing from which Generali needs to defend itself
Tuesday, 7 Feb 2017 04:53am EST 

Intesa Sanpaolo Chairman Gian Maria Gros-Pietro tells reporters: there is nothing from which Generali needs to defend itself . if bank decides to proceed with Generali tie-up, will communicate it Further company coverage: [ISP.MI] [GASI.MI] (Reporting by Milan newsroom).  Full Article

Intesa CEO says plan for Veneto banks key for value of Atlante stake
Friday, 3 Feb 2017 10:57am EST 

Intesa Sanpaolo CEO Carlo Messina tells analyst call: Possible further devaluation of Atlante stake in 2017 depends on outcome of plan that Popolare di Vicenza (BPVI) CEO Fabrizio Viola is working on . Viola is a good manager with a good knowledge of the banking sector and may succeed in mitigating a problematic situation . Expects Intesa's targeted NPL ratio of 10.5 pct in 2019 could meet ECB's demands . Has been in touch with regulator over NPL plan but there won't be a final approval from the ECB before the end of March Further company coverage: [ISP.MI] (Reporting by Milan Newsroom).  Full Article

Intesa shares accelerate gains after CEO comment on dividends
Friday, 3 Feb 2017 10:30am EST 

Intesa Sanpaolo: Shares in Italy's biggest retail bank accelerate gains, up 3 percent at 1525 GMT . A trader cites Intesa CEO saying that any M&A action would not impact dividend payments as responsible for the share move Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa Sanpaolo to sell 4.88 pct Bank of Italy stake for 366 mln euros
Friday, 3 Feb 2017 08:50am EST 

Intesa Sanpaolo says: board authorises sale of 4.88 percent stake in Bank of Italy . to sell shareholding in Bank of Italy capital for around 366 million euros . following stake sale its holding in Bank of Italy to drop to 27.81 percent .Lender plans to reduce its Bank of Italy stake to no more than 3 percent.  Full Article

Intesa CEO says assessment on possible Generali move will take all time it needs
Friday, 3 Feb 2017 08:45am EST 

Intesa Sanpaolo Chief Executive Carlo Messina tells analysts in a post-results conference call: assessment on possible Generali tie-up will take all the time it needs . bank still assessing if possible tie-up with Generali fits with its strategic priorities . bank still in a position to pay 4 billion euros in dividends on 2017 results but given challenging conditions prefers to commit to 3.4 billion euro dividend payment . any M&A deal must be capital neutral, without applying any capital arbitrage including Danish compromise . any M&A deal would also have to respect commitment to pay 3.4 billion euros in dividends to Intesa shareholders on 2017 accounts Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa denies it is examining share swap offer for Generali
Thursday, 2 Feb 2017 10:54am EST 

Intesa Sanpaolo spokesman says: denies the bank is examining a share swap offer for insurer Generali Further company coverage: [ISP.MI] [GASI.MI] (Reporting by Milan newsroom).  Full Article

Intesa denies talk of weekend special board meeting on Generali
Thursday, 2 Feb 2017 05:33am EST 

Intesa Sanpaolo: spokesman categorically denies press speculation of an extraordinary board meeting being convened at the weekend on a possible bid for insurer Generali Further company coverage: [ISP.MI][GASI.MI] (Reporting by Milan newsroom).  Full Article

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Deals of the day-Mergers and acquisitions

May 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: