UBI deal is best “Italy on Italy transactions” deal of 2020 according to KPMG

The purchase and exchange offer on UBI Banca has been named the best deal of 2020 in the category “Italy on Italy Transactions” in the KPMG M&A Awards, for its role in reshaping the competitive structure of the Italian banking industry and further strengthening Intesa Sanpaolo’s leadership and position in the European and international arena.

In particular, the jury took a positive view of the strong prospects for value creation relating to the implementation of the merger, the full compliance with market rules in conducting the offer and the timely, effective management of antitrust issues related to the transaction, as well as of the full satisfaction of the interests of the parties involved through a transaction structure resulting in its successful completion.

The newly created Intesa Sanpaolo Group had already received KPMG’s “M&A Award” in 2007, for the merger between Banca Intesa and Sanpaolo IMI.