A bank security that could take advantage of Intesa Sanpaolo’s OPS on UBI Banca


There is an Italian banking security, not directly involved in Banca Intesa Sanpaolo’s OPS on UBI Banca, which could benefit from the open war on this operation. We have repeatedly dealt with this topic and refer to further details for details.

In this article we want to highlight the role of BPER Banca in this whole affair. Indeed, the Emilian bank was involved as buyer of the branches that Intesa Sanpaolo was forced to put up for sale to avoid dominant positions. The buyer was found in BPER Banche, which will acquire over 500 branches for an expected outlay of between 600 and 700 million euros.

But what is the convenience for a bank security in acquiring branches in an era in which we move towards digitization?

An interesting explanation is reported in an article entitled “In 2020 and after Covid does it make sense for B to pay Intesa 600 million for 532 branches? Yes, but finance has little to do with it. ”

The conclusion is that from an industrial point of view the advantages are few, but the political ones could be many. Having agreed to purchase, freeing Intesa Sanpaolo, the branches is equivalent, in fact, to taking the side of the institution led by Messina in the struggle to buy UBI Banca. If, therefore, Antitrust were to give the green light to the marriage between Intesa and UBI Banca, already approved by the ECB, it is said that some counterpart cannot also arrive for BPER Banca.

Graphical and forecast analysis of the BPER Banca banking security

BPER Banca (MIL: BPE) closed the session on 16 June at € 2.451, up 6.57% on the previous session.

The projection in progress on the weekly time frame is bearish, but the achievement of the third price target in the 1.7737 € area has caused a rise that could turn into something more interesting if there should be a weekly closure of more than 2 , 4453 €. In this case, the prices would go to the € 3.5 area.

Otherwise the bank security could go to update the recent lows.


BPER Banca: bullish projection in progress on the weekly time frame. The blue line represents the running bisector levels; the red line the levels of The New Law of Vibration. The bottom panel shows the BottomHunter signal which when equal to 1 indicates that the minimum, on the considered time frame, has been marked.


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