Intesa should confirm in legal doc that offer still stands - UBI CEO to paper

MILAN (Reuters) - Intesa Sanpaolo should disclose in a legally binding document that its takeover offer for smaller rival UBI Banca is still valid despite the impact of the coronavirus outbreak, UBI CEO Victor Massiah said in a newspaper interview. Intesa unveiled on Feb. 17 an all-paper exchange offer for UBI to create the euro zone's seventh-largest banking group, just days before the novel coronavirus outbreak in Italy.UBI has said the COVID-19 pandemic has triggered a provision generally..