(Finance) – Banca Popolare del Lazio announced that the Bank of Italy has issued the authorization to acquire 100% of the share capital ofEuropean Financial Institute.
The operation involves a barter with which in response to the transfer by SF First Capitalsole shareholder, of 30,000,000 shares of Istituto Finanziario Europeo, representing the entire share capital of the same, Banca Popolare del Lazio will transfer to SF First Capital 1,496 shares of BLUE Bankrepresenting 0.3% of the share capital of BLU Banca, and 67,714 Banca Popolare del Lazio own shares representing 1.0% of the share capital of Banca Popolare del Lazio – of which 45,214 (equal to 0.66771% of the share capital ), already in the portfolio and a maximum of 22,500 to be acquired on the market.
The operation – we read in a note – is part of the broader context of the evolutionary path started in 2020 by the BPL Group, and aimed at achieving development based on new forms of approach to the market thanks to distinctive skills and a level of digitalisation such as to create the conditions for the offer of high added value services, with the aim of strengthening its business model, through the creation of a specialist center for the direct production of CQS through a dense network of agents and a growing expertise of the resources allocated to this hub, to develop synergies and strategic collaborations also with other investors.