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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo Spa | BIT:ISP | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0355 | 1.00% | 3.5985 | 3.592 | 3.60 | 3.5995 | 3.561 | 3.5835 | 79,494,637 | 16:40:00 |
From May 2019 to May 2024
By Carlo Martuscelli
Intesa Sanpaolo S.p.A. (ISP.MI) said Friday that it will buy a 50% plus one share stake in Italian health insurer RBM Assicurazione Salute for 300 million euros ($333.7 million).
The Milan-listed lender said that the transaction is in line with its objective of expanding in damages insurance. The combined business will be called Intesa Sanpaolo RBM Salute, and will have a 20.8% share in the Italian health insurance market.
According to the agreement, Intesa will complete the first part of the deal by July 2020. Then, between 2026 and 2029, it will progressively acquire the rest of RBM at a price contingent on the performance of the business.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu
(END) Dow Jones Newswires
December 20, 2019 03:26 ET (08:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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