Banca Finnat takeover bid, provisional results: 96% reached

Banca Finnat Intesa Sanpaolo raises target price and confirms BUY

(Finance) – The vehicle of the Nattino family which launched a mandatory totalitarian takeover bid (OPA) on Finnat Bankalready controlled by the same family and listed on Euronext STAR Milan, has come to hold a total of 348,911,922 shares, equal to approximately 96.151% of the share capital. These are the provisional results of the tender offer communicated by Intesa Sanpaolo, in its capacity as appointed intermediary, at the end of the acceptance period.

The payment of the consideration will take place on November 21, 2022. The offer is not subject to any condition of effectiveness.

Now the bidder will exercise the right to purchase and simultaneously fulfill the obligation to purchase, carrying out a single procedure (the joint procedure) concerning all the remaining shares.

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