BPER Banca and Banca Carige start the merger process

BPER Banca and Banca Carige start the merger process

(Finance) – BPER Bank And Banca Carige they have startedby assigning the tasks to the respective advisors, the merger by incorporation procedure of Carige in BPER according to what has already been anticipated in the offer document published on 8 July 2022 in relation to the mandatory public purchase offer (OPA) in progress on the ordinary and savings shares. It is envisaged that at the same time as the incorporation of Carige, BPER will also incorporate Banca Monte di Lucca, 69.97% owned by Carige itself.

The merger will take place both in the event that the delisting of the shares based on the definitive results of the mandatory offer itself, both in the event that the legal conditions for the fulfillment of the obligation to purchase and / or the obligation to purchase are verified .

The improvement of the aforementioned mergers is subject not only to the approval of the merger plan by the respective extraordinary shareholders’ meetings, but also to the release of the authorization by the European Central Bank pursuant to the provisions in force.

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