(Bloomberg) -- UniCredit SpA agreed to buy Capitalia
SpA for 21.8 billion euros ($29.5 billion), creating the biggest
bank by market value in the 13 nations using the euro.
UniCredit, Italy's largest bank, said yesterday it will swap
1.12 shares for each share of Capitalia. The deal values shares
of Rome-based Capitalia, the No. 3 Italian bank, at 8.41 euros
each, or about 5.5 percent more than the last price on May 18.
Read more at Bloomberg Bonds News
SpA for 21.8 billion euros ($29.5 billion), creating the biggest
bank by market value in the 13 nations using the euro.
UniCredit, Italy's largest bank, said yesterday it will swap
1.12 shares for each share of Capitalia. The deal values shares
of Rome-based Capitalia, the No. 3 Italian bank, at 8.41 euros
each, or about 5.5 percent more than the last price on May 18.
Read more at Bloomberg Bonds News
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