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Intesa says sticks to profit goal in UBI deal even if unable to merge

FILE PHOTO: Intesa San Paolo bank headquaters is seen in Turin
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MILAN (Reuters) - Intesa Sanpaolo said a failure to incorporate rival UBI Banca in a planned takeover bid would only slightly lessen prospective synergies, leaving a 2022 profit goal of at least 5 billion euros ($5.6 billion) unaffected. Intesa published details of its all-paper bid for UBI on Friday, following a green light from market regulator Consob, ahead of launching the offer from July..
Date Published: Jun 26, 2020
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