Send
Print
Cats' photos via Wikimedia Commons
BPER Banca stated that the stake was sufficient to guarantee complete control over BPSO.
The Italian bank enhanced its proposal for BPSO last week. It is providing 1.45 of its newly issued shares along with 1 euro for every BPSO share. This proposal places a valuation of €5.47 billion on BPSO.
The earlier proposal, presented in February, estimated the bank's worth at €4.3 billion. BPER Banca proposed 1.45 of its shares in exchange for each BPSO share, excluding the cash element.
The Italian antitrust authority green-lighted the agreement on the condition that various divisions of both banks are divested within 10 months after its conclusion. The proposal to repurchase BPSO shares is valid until July 11, including that date.
source: reuters.com
The Italian bank enhanced its proposal for BPSO last week. It is providing 1.45 of its newly issued shares along with 1 euro for every BPSO share. This proposal places a valuation of €5.47 billion on BPSO.
The earlier proposal, presented in February, estimated the bank's worth at €4.3 billion. BPER Banca proposed 1.45 of its shares in exchange for each BPSO share, excluding the cash element.
The Italian antitrust authority green-lighted the agreement on the condition that various divisions of both banks are divested within 10 months after its conclusion. The proposal to repurchase BPSO shares is valid until July 11, including that date.
source: reuters.com
