C12287 - ICA: Investigation launched in relation to the Intesa Sanpaolo - UBI merger


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On 11th May, AGCM - the Italian Antitrust Authority - launched an investigation, pursuant to article 16, paragraphs 4 and 6 of Law No. 287/90, in relation to the merger whereby the Intesa Sanpaolo Group wants to acquire the UBI -Unione di Banche Italiane- Group through a public exchange offer (OPS) made on 17th February 2020.

In view of the significance of this merger, the Antitrust Authority's investigation is aimed at verifying the possible effects on competitive dynamics in the national and local banking, financial and insurance markets.

Rome, 12 May 2020