Intesa CEO rules out interest in eastern European assets

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data-url="/articles/intesa-ceo-rules-out-interest-in-eastern-european-assets-2020-08-04"><div class="ads__native"><div class=""> <div id="js-dfp-tag-76A" class="atf-native"> <script type="text/javascript"> <![CDATA[// ><!]]> </script></div> </div> </div> <section class="article-header"><div class="article-header__container"> <div class="article-header__content"> <div class="article-header__eyebrow"> <div class="stock-ticker" data-symbol="US" data-assetclass="FUTURES" aria-label="US"> <span class="stock-ticker__name"> <span class="stock-ticker__name-icon" aria-hidden="true"></span> <a class="stock-ticker__link" href="/web/20220704133911/https://www.nasdaq.com/market-activity/futures/us">US</a> </span> <span class="stock-ticker__price"></span> <span class="stock-ticker__stats"><span class="stock-ticker__net-change"></span> <span class="stock-ticker__percentage-change"></span></span> </div> </div> <h1 class="article-header__headline"> <span>Intesa CEO rules out interest in eastern European assets</span> </h1> <div class="article-header__metadata"> <div class="byline "> <div class="byline__info"> <div class="byline__type">Publisher</div> <div class="byline__author"> <span class="byline__name" data-has-link="true"> <a href="/web/20220704133911/https://www.nasdaq.com/publishers/reuters">Reuters</a> </span> </div> </div> </div> <div class="ads__right-rail-ad--2-up"> <div class="ads__right-rail-ad--2-up__button"> <div id="js-dfp-tag-9Pc" class="atf-rightrail2upbutton-1"> <script type="text/javascript"> <![CDATA[// ><!]]> </script></div> </div> </div> <div class="timestamp"> <div class="timestamp__label">Published</div> <time datetime="2020-08-04T12:13:51-0400" class="timestamp__date">Aug 4, 2020 12:13PM EDT</time></div> </div> <figure class="article-header__image"><picture class="picture"><source srcset="/web/20220704133911im_/https://www.nasdaq.com/sites/acquia.prod/files/styles/1370x700/public/2020-08-04T172657Z_1_EZ1_RTRLXPP_2_LYNXPACKAGER.JPG?itok=mZGUF_Yo 1x" media="all and (min-width: 768px)" type="image/jpeg"></source><source srcset="/web/20220704133911im_/https://www.nasdaq.com/sites/acquia.prod/files/styles/720x400/public/2020-08-04T172657Z_1_EZ1_RTRLXPP_2_LYNXPACKAGER.JPG?itok=b-X__XXT 1x" type="image/jpeg"></source><img src="/web/20220704133911im_/https://www.nasdaq.com/sites/acquia.prod/files/styles/720x400/public/2020-08-04T172657Z_1_EZ1_RTRLXPP_2_LYNXPACKAGER.JPG?itok=b-X__XXT" typeof="foaf:Image" loading="lazy"/></picture><figcaption class="article-header__image-caption">Credit: REUTERS/GIORGIO PEROTTINO</figcaption></figure><div class="tweet-it"> <p class="tweet-it__text">The head of Intesa Sanpaolo on Tuesday dismissed a press report that said the bank could look at a cross-border deals in eastern Europe after its takeover of smaller rival UBI Banca.</p> <a 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</div> <p><span>MILAN, Aug 4 (Reuters)</span><span> - </span>The head of Intesa Sanpaolo <span id="x1">ISP.MI</span> on Tuesday dismissed a press report that said the bank could look at a cross-border deals in eastern Europe after its takeover of smaller rival UBI Banca <span id="x2">UBI.MI</span>.</p> <p>"We have no interest for eastern Europe," CEO Carlo Messina told a media call.</p> <p>Messina said Intesa would focus on integrating UBI in the short term. He also said cross-border deals were unlikely to happen in Europe in the next six to nine months while banks grappled with the fallout from the COVID-19 crisis.</p> <p>Intesa overcame regulatory hurdles and shareholder and management opposition to finally secure control of UBI last week in a deal that will turn it into the euro zone's eighth-largest bank by assets.</p> <div class="ads__inline"> <div id="js-dfp-tag-e_A" class="btf-bodymidpagetwothirdswidth-1"> <script type="text/javascript"> <![CDATA[// ><!]]> </script></div> </div> <p>Messina said he objected to analysts who said the UBI deal was not transformational for Intesa because it put the lender among Europe's top players in terms of market value.</p> <p>"We've overtaken Santander in terms of terms of market capitalisation ... that's something we're proud of," he said.</p> <p></p> <p></p> <p>(Reporting by Valentina Za and Adrea Mandala;)</p> <p>((<a href="https://web.archive.org/web/20220704133911/mailto:valentina.za@thomsonreuters.com">valentina.za@thomsonreuters.com</a>; +39 02 6612 9526;))</p> <div class="video__inline"> <div class="video-placeholder"> </div> </div> <p class="body__disclaimer">The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p> </div> <aside role="complementary" class="body__right-rail"><section class="trending trending-topics" role="region"><h3 class="trending__title"> Trending Topics </h3> <ul class="trending__items"><li class="trending__item"> <a href="" title=""> <span class="trending__item__title"></span> <span class="trending__item__bar" aria-hidden="true" data-view-count=""> <span class="trending__item__bar__gradient"></span> </span> </a> </li> </ul></section><section class="trending trending-articles" role="region" article-topic-data="trending_articles"><h3 class="trending__title"> Trending Articles </h3> <ul class="trending__items"><li class="trending__item"> <a href="" title=""> <span class="trending__item__title"></span> <time class="trending__item__date"></time><span class="trending__item__space"> - </span> <span class="trending__item__publisher"></span> <div class="clear"></div> <span class="trending__item__bar" aria-hidden="true" data-view-count=""> <span class="trending__item__bar__gradient"></span> </span> </a> </li> </ul></section><div class="inside-container"> <div class="ads__right-rail-ad--2-up"> <div class="ads__right-rail-ad--2-up__button"> <div id="js-dfp-tag-AGM" class="atf-rightrail2upbutton-2"> <script type="text/javascript"> <![CDATA[// ><!]]> </script></div> </div> </div> <div class="ads__right-rail-ad"> <div id="js-dfp-tag-fnQ" class="btf-rightrailbox-1"> <script type="text/javascript"> <![CDATA[// ><!]]> </script></div> </div> </div> </aside></div> <div class="body"> <div class="body__left-rail"></div> <div class="body__content"> <section class="topics-in-this-story"><h2 class="topics-in-this-story__title">In This Story</h2> <a href="/web/20220704133911/https://www.nasdaq.com/market-activity/futures/us" class="topics-in-this-story__symbol">US</a> </section></div> <div class="body__right-rail"></div> </div> <div class="body body--no-ads"> <div class="body__content"> <section class="author-card"><div class="author-card__content"> <section class="person-card person-card--no-image"><div class="person-card__info"> <h2 class="person-card__name"> <a href="/web/20220704133911/https://www.nasdaq.com/publishers/reuters"> Reuters </a> </h2> <h3 class="person-card__subhead"> </h3> <ul class="share "><li class="share__link"> <a class="share__anchor" aria-label="Facebook" data-network="Facebook" href="https://web.archive.org/web/20220704133911/https://www.facebook.com/Reuters" target="_blank" rel="noopener noreferrer" data-profile-links="true"></a> </li> <li class="share__link"> <a class="share__anchor" aria-label="LinkedIn" data-network="LinkedIn" href="https://web.archive.org/web/20220704133911/https://www.instagram.com/reuters/" target="_blank" rel="noopener noreferrer" data-profile-links="true"></a> </li> <li class="share__link"> <a class="share__anchor" aria-label="Twitter" data-network="Twitter" href="https://web.archive.org/web/20220704133911/https://twitter.com/Reuters" target="_blank" rel="noopener noreferrer" data-profile-links="true"></a> </li> </ul><p class="person-card__description">Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. 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}); </script> </div> </div> <div class="watchlist__ad-slot"> <div id="js-dfp-tag-uRE" class="myquotesbutton2"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('js-dfp-tag-uRE'); }); </script> </div> </div> </div> </div> </div> </div> </div> </div> <div class="watchlist-tabs__panel js-tabs-panel" id="watchlist-tab-2" aria-labelledby="watchlist-tab-button-1"> <div class="watchlist-tabs__body watchlist-tabs__body--watchlist js-watchlist"> <div class="watchlist__content-container"> <header class="watchlist__content-header"> <button class="watchlist__link-button watchlist__add" data-modal-id="watchlist-modal-2">Add/Edit Symbols</button> <a href="/web/20220704133911/https://www.nasdaq.com/account/watchlist" class="watchlist__link-button js-watchlist-toggle-close">Edit Watchlist</a> </header> <div class="watchlist__message"> <div class="text-passage"> Your Watchlist is empty. <button class="watchlist__empty-add" aria-label="Add a Symbol" data-modal-id="watchlist-modal-2">Add/Edit Symbols</button> </div> </div> <div class="watchlist__message watchlist__message--logged-out"> <div class="text-passage text-passage--logged-out">Create your Watchlist to save your favorite quotes on Nasdaq.com. <a class="js-watchlist-toggle-close" href="/web/20220704133911/https://www.nasdaq.com/user/login">Log in</a> or <a class="js-watchlist-toggle-close" href="/web/20220704133911/https://www.nasdaq.com/user/register">create a free account</a> to get started.</div> </div> <div class="watchlist__symbols-container"> <div class="watchlist__glide glide"> <div class="carousel-controls" data-glide-el="controls"> <div class="carousel-controls__prev" data-glide-dir="<"> <button class="arrow-cta" aria-label="Previous"> <span class="arrow-cta__text" aria-label=""></span> <span class="arrow-cta__icon" aria-hidden="true"></span> </button> </div> <div class="carousel-controls__count" data-glide-el="count"> <span class="carousel-controls__current" data-glide-el="current"></span>/<span class="carousel-controls__total" data-glide-el="total"></span> </div> <div class="carousel-controls__next" data-glide-dir=">"> <button class="arrow-cta" aria-label="Next"> <span class="arrow-cta__text" aria-label=""></span> <span class="arrow-cta__icon" aria-hidden="true"></span> </button> </div> </div> <div class="watchlist__track glide__track" data-glide-el="track"> <ul class="watchlist__slides glide__slides"> <li class="watchlist__slide glide__slide watchlist__slide--clone" aria-hidden="true"> <button class="watchlist__slide-remove" aria-hidden="true" aria-label="Remove from Watchlist"></button> <a class="watchlist__slide-link" href="javascript:void(0);"> <span class="watchlist__slide-name"></span> <p class="watchlist__slide-price"></p> <p class="watchlist__slide-change-container"> <span class="watchlist__slide-change"></span> <span class="watchlist__slide-change-percent"></span> </p> </a> <div class="watchlist__slide-overlay" aria-hidden="true"></div> </li> <div class="watchlist__ad"> <div class="watchlist__ad-slot"> <div id="js-dfp-tag-bD0" class="watchlistbutton-1"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('js-dfp-tag-bD0'); }); </script> </div> </div> </div> </ul> </div> </div> </div> </div> </div> </div> <div class="watchlist-tabs__panel js-tabs-panel" id="watchlist-tab-3" aria-labelledby="watchlist-tab-button-3"> <div class="watchlist-tabs__body is-empty"> <div class="watchlist__message"> <div class="text-passage"> Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. <a>Go to Smart Portfolio</a> </div> </div> </div> </div> </div> </div> <div class="watchlist__loader" aria-hidden="true"> <div class="svg-loader" style="width: 120px;"> <div class="svg-loader__container"> <svg version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 70 60" xml:space="preserve"> <style type="text/css"> .st0 { fill: #0090BA; } </style> <defs> <lineargradient id="mask-gradient-332341644" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="10%" stop-color="white" stop-opacity="0"/> <stop offset="20%" stop-color="white" stop-opacity="1"/> <stop offset="100%" stop-color="white" stop-opacity="1"/> <stop offset="110%" stop-color="white" stop-opacity="0"/> </lineargradient> <lineargradient id="mask-gradient-1593202768" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="20%" stop-color="white" stop-opacity="0"/> <stop offset="25%" stop-color="white" stop-opacity="1"/> <stop offset="75%" stop-color="white" stop-opacity="1"/> <stop offset="80%" stop-color="white" stop-opacity="0"/> </lineargradient> <lineargradient id="mask-gradient-1757444875" gradientunits="userSpaceOnUse" x2="0" y2="100%"> <stop offset="-10%" stop-color="white" stop-opacity="0"/> <stop offset="0%" stop-color="white" stop-opacity="1"/> <stop offset="80%" stop-color="white" stop-opacity="1"/> <stop offset="90%" stop-color="white" stop-opacity="0"/> </lineargradient> <mask id="mask-332341644"> <rect class="rect-mask__first" x="0" y="-1" width="35" height="75" fill="url(#mask-gradient-332341644)"/> </mask> <mask id="mask-1593202768"> <rect class="rect-mask__second" x="27" y="10" width="16" height="40" fill="url(#mask-gradient-1593202768)"/> </mask> <mask id="mask-1757444875"> <rect class="rect-mask__third" x="35" y="-10" width="35" height="75" fill="url(#mask-gradient-1757444875)"/> </mask> </defs> <path class="st0" mask="url(#mask-332341644)" d="M34.9,14.9L34.9,14.9c-1.2,0.1-2.3,0.9-2.7,2L16.7,59.6H0l15.5-42.7c0.4-1.1,1.5-2,2.8-2H34.9"/> <path class="st0" mask="url(#mask-1593202768)" d="M33.6,44c-1.2,0-2.1-0.7-2.6-1.7l-3.3-9.2l5.7-15.7c0.1-0.3,0.3-0.6,0.4-0.7c0.5-0.7,1.3-1.2,2.3-1.2 c1.2,0,2.2,0.7,2.6,1.7l3.3,9.1l-5.7,15.7c-0.1,0.4-0.3,0.6-0.4,0.7C35.4,43.5,34.6,44,33.6,44z"/> <path class="st0" mask="url(#mask-1757444875)" d="M35,44.6L35,44.6c1.2-0.1,2.1-0.9,2.5-2L53,0h16.7L54.1,42.7c-0.4,1.1-1.5,2-2.8,2H35"/> </svg> </div> </div> </div> </div> </section> <section class="watchlist-add-overlay" aria-hidden="true"> <div class="watchlist-add-overlay__content"> <header class="watchlist-add-overlay__header"> <button class="watchlist-add-overlay__back" aria-label="Back"><span class="watchlist-add-overlay__back-text">Back</span></button> <button class="watchlist-add-overlay__close" aria-label="Close Watchlist"></button> </header> <form class="watchlist-add-overlay__form"> <label class="watchlist-add-overlay__label">Add a symbol to your watchlist</label> <div class="watchlist-add-overlay__input-wrapper"> <input class="watchlist-add-overlay__input" placeholder="Enter Symbol"> </div> </form> <div class="watchlist-add-overlay__unavailable"> <button class="watchlist-add-overlay__unavailable-close"></button> <span class="watchlist-add-overlay__unavailable-text"></span> </div> <div class="watchlist-add-overlay__results watchlist-add-overlay__results"> <header class="watchlist-add-overlay__results-header">Most Active</header> <ul class="watchlist-add-overlay__results-items"></ul> <li class="watchlist-add-overlay__results-item watchlist-add-overlay__results-item--clone" aria-hidden="true"> <span class="watchlist-add-overlay__symbol"></span> <span class="watchlist-add-overlay__name"></span> <button class="watchlist-add-overlay__add" aria-label="Add to Watchlist" data-symbol=""></button> </li> <div class="watchlist-add-overlay__loader" aria-hidden="true"> <div class="svg-loader" style="width: 120px;"> <div class="svg-loader__container"> <svg version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 70 60" xml:space="preserve"> <style type="text/css"> .st0 { fill: #0090BA; 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