Shares of Intesa Sanpaolo S.p.A. (MIL: ISP) have gained around 4% in the past few days after receiving a green light from the Italian antitrust regulator to complete the UBI takeover. Intesa stock price is now closing in on a new 4-month high. Fundamental analysis: Intesa secures a green light Intesa said it has secured a permission from the Italian antitrust regulator for the takeover acquisition of rival UBI Banca for $4 billion. The antitrust regulator said that Intesa’s pledge to offload over 500 branches was good enough to meet the concerns that the takeover would reinforce the bank’s position
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