Takeover bid Banca Finnat, subscriptions over 60%

Banca Finnat Intesa Sanpaolo raises target price and confirms BUY

(Finance) – As part of the takeover bid (OPA) mandatory 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, 11 November 2022, 5,531,065 applications for membership were submitted. Therefore, overall the requests for adhesions amount to 25,679,525, equal to 60.216% 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 cannot be contributed in acceptance of the offer.

The bidder has already communicated that (together with the persons acting in concert) he has exceeded the threshold of 90%.

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