In February 2020, the Intesa Sanpaolo group announced the forthcoming acquisition of a rival bank. It is indeed the UBI Banca bank also active in Italy. The amount of this transaction should reach 4.9 billion euros. The agreement between the two banks also provides for the sale of 400 to 500 branches of the UBI Banca group to BPER Banca in order to meet the requirements of competition law.