Intesa Available to Buy Some Assets of Veneto Banks
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
ISP IM (Intesa Sanpaolo SpA)
1021Z IM (Banca Popolare di Vicenza)
Topics
BFW Europe Credit News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Intesa’s board of directors is available to buy certain assets and liabilities of Banca Popolare di Vicenza and Veneto Banca, lender says in statement.
- Purchase conditional on transaction is fully neutral on Common Equity Tier 1 ratio and dividend policy of Intesa
- Bank available to acquire a segregated scope which excludes NPLs, high-risk performing loans and subordinated bonds issued, as well as shareholdings and other legal relationships that Intesa does not consider functional to the acquisition
- Says transfer of the assets and liabilities, if finalised, will be against a token payment
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
ISP IM (Intesa Sanpaolo SpA)
1021Z IM (Banca Popolare di Vicenza)
Topics
BFW Europe Credit News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283