Takeover bid Banca Finnat, bidder exceeds 90% threshold

Banca Finnat Intesa Sanpaolo raises target price and confirms BUY

(Finance) – As part of the takeover bid (OPA) compulsory totalitarian promoted by the vehicle of the Nattino family on the ordinary shares of Finnat Euramerica Bank, already controlled by the same family and listed on Euronext STAR Milan, it appears that today, 4 November 2022, 4,030,310 applications for membership were submitted. Therefore, overall the requests for adhesions are at 7,816,121, equal to 18.328% of the offer.

The offer began on October 24, 2022 and will end on November 15, 2022. Borsa Italiana reminds that Banca Finnat ordinary shares purchased on the market on 14 and 15 November 2022 will not be able to be contributed in acceptance of the offer.

After the dissemination of today’s data regarding accessions, the bidder has communicated that (together with the people acting in concert) has exceeded the 90% threshold, having reached 90.402% of the share capital. The ultimate goal of the offer remains the delisting of Banca Finnat.

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