Intesa maintains profit goal even if unable to merge with UBI
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MILAN (Reuters) - Intesa Sanpaolo expects synergies from its proposed takeover of UBI Banca would be only slightly less if it cannot fully incorporate its Italian rival, and would not affect a 2022 profit goal of at least 5 billion euros ($5.6 billion).Intesa published details of its all-paper bid for UBI on Friday, after getting a green light from market regulator Consob, ahead of launching the offer from July 6.The bank made the unsolicited takeover bid for UBI, which would bring it an..