The clash over UBI and Nexi
The takeover bid launched by Intesa on UBI Banca finds the obstacle of the Antitrus. The agency is considering whether future aggregation could jeopardize competition in the domestic banking sector. In UBI, the takeover bid was not welcomed. Thus market rumors speak of a possible entry into the field of Unicredit alongside UBI. How? By taking over an equity stake and making Intesa’s climb more difficult.
A second battleground is about the Nexi company. The company is active in the exchange of the digital payments sector. So a very important business for banks and it will be increasingly important. Intesa would like to buy 9.9% of Nexi, but Unicredit is also interested in entering the company’s capital.
How to exploit the rivalries between the two banks to earn on the stock market?
How to make money on the stock exchange from the war between Intesa and Unicredit
UBI and Nexi stock prices could benefit from the battle between the two big banking companies. When Intesa launched the takeover bid on UBI Banca (MIL-UBI), the action went from 2.6 to 4.5 euros in two weeks. Then came the crisis and precipitated. Today it is 2.55 euros and for two and a half months prices have been moving sideways. Area 2.7 euro is the key level beyond which the action may have a new bullish phase. With first target probably in the 3 euro area.
Nexi had a price trend similar to UBI. At the beginning of November, the stock jumped from 9 euros to almost 17 euros in February. Then it plummeted back into the 9 euro area and then went back to the current 15 euro. If the prices manage to exceed 16 euros, they will have free way up to 17 euros. But it is possible that they will not stop and continue the race up to 20 euros