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Intesa Sanpaolo — M&A Activity 2016
Jun 21, 2016
4465_tar_2016-06-21_2a572c22-d3ae-40a0-9e17-a0ab77f64116.pdf
M&A Activity
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| Informazione Regolamentata n. 0033-110-2016 |
Data/Ora Ricezione 21 Giugno 2016 16:57:23 |
MTA | ||
|---|---|---|---|---|
| Societa' | : | INTESA SANPAOLO | ||
| Identificativo Informazione Regolamentata |
: | 75946 | ||
| Nome utilizzatore | : | BINTESAN01 - Tamagnini | ||
| Tipologia | : | IROS 18 | ||
| Data/Ora Ricezione | : | 21 Giugno 2016 16:57:23 | ||
| Data/Ora Inizio Diffusione presunta |
: | 21 Giugno 2016 17:12:24 | ||
| Oggetto | : | INTESA SANPAOLO SELLS STAKE IN VISA EUROPE TO VISA INC. |
||
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
INTESA SANPAOLO SELLS STAKE IN VISA EUROPE TO VISA INC.
Turin, Milan, 21 June 2016 – The Intesa Sanpaolo Group today sold its stake of 15 VISA Europe ordinary shares to VISA Inc.. This stake represents 0.49% of VISA Europe's ordinary share capital.
The consideration for the sale comprises around €126.5 million in cash and 45,949 class C preferred shares of VISA Inc., unlisted and convertible into listed class A shares valued at around €37 million in total, plus a three-year-deferred cash payment of around €10.9 million (including interest).
The sale will generate a net capital gain of around €150 million for the Intesa Sanpaolo Group's consolidated income statement in the second quarter of 2016.
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