A long negotiation concluded in the last hours that will concern the transfer of 5,107 employees involved in the acquisition of the now former Ubi bank by Intesa Sanpaolo, on 17 February last. As a result of the merger between the two banks will in fact be 620 branches sold to Bper to overcome the antitrust restrictions on the Ops launched by the Milanese bank.
Ubi-Intesa Sanpaolo merger: the numbers of the agreement with Bper
Almost all the agencies involved in the operation are part of the Ubi network, only 5 percent of the total today belong to Intesa Sanpaolo: 486 are branches to which are added 134 “operating points”, with limited operations (download the complete list of branches here).
To arrive at this number, it took four meetings and four additions to the agreement last February between Intesa Sanpaolo and Bper Banca.
The transfer procedure should end around February and then finalize the sale of the Ubi business unit by Intesa in April.
“The perimeter of the Branch is therefore – is the press release issued by Bper in reference to the agreement reached – consisting of 486 Branches endowed with accounting autonomy and rooted legal relationships with customers (7 more than what has already been established by the Parties ), and from 134 so-called Operating Points functional to the commercial supervision of the customers of the Branches, without accounting autonomy “.
Ubi-Intesa Sanpaolo merger: personnel
The communication issued by the Emilian bank also clarifies the point of personnel: “The human resources referable to the Branch amount to a total of 5,107, including the portion of resources affected by the voluntary exit plan contained in the trade union agreement signed by Intesa Sanpaolo with the trade unions last September 29, substantially in line with BPER’s objectives and with what was originally foreseen. “
The agreement between Understanding and trade unions on the integration of where Bank provides that the outputs will be managed with retirements and early retirements only on a voluntary basis and will be staggered from 2021 to 2023, while the hiring will be made by 2023.
The acquisition will lead the Emilian group to grow more than 40 percent of its current distribution network, thus making Bper the third largest Italian banking group, a significant reality behind Intesa Sanpaolo and Unicredit, which will thus play an important role in the consolidation logic that is affecting the banking sector in Italy.
To complete the transaction, the Emilian bank carried out a capital increase from 800 million euros.
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