Event Publicly Available Information:
Is there a Successor to Unione di Banche Italiane Società per azioni following its merger into Intesa Sanpaolo S.p.A.?
The Eligible Market Participant that submitted the DC Question included the following information:
Intesa Sanpaolo\’s website - History page
UBI Banca\’s website - Press Releases page
Deed of Merger
| Date | Description | Document |
|---|---|---|
| Closed | The EMEA DC considered the DC Question in respect of Unione di Banche Italiane Società per azioni (UBI) in respect of 2014 Transactions. The EMEA DC noted that with effect from 12 April 2021, UBI merged with and into Intesa Sanpaolo S.p.A (ISP) and ceased to exist as a stand-alone entity. As a result of the merger, ISP assumed all the obligations of UBI and all of UBI’s shares were cancelled. The EMEA DC did not find any public information to suggest that there could be multiple Successors and further concluded that UBI had at least one Relevant Obligation outstanding at the time of the merger. Accordingly, for the purposes of the 2014 Transactions, the EMEA DC concluded that, on the basis of an analysis of publicly available documentation, ISP was the sole Successor to UBI and that the Succession Date was 12 April 2021 (being the date of the merger). | |
| Request Accepted by DC | Pursuant to the standing resolution passed by the EMEA Determinations Committee (DC) on June 21, 2010, the first meeting of the EMEA DC to deliberate the DC Questions relating to this DC Issue has been deferred pending deliberation of such DC Questions by the EMEA DC legal subcommittee. Please refer to EMEA_DC_Standing_Resolution_210610. |