Banca Cesare Ponti attracts interest of Banca Leonardo
Banca Cesare Ponti, the private banking subsidiary of listed Italian bank Banca Carige, has attracted the interest of Banca Leonardo, Italian-language daily Milano Finanza reported. The report cited sources close to the dossier who said that Banca Leonardo was looking to participate in the auction to sell off Banca Cesare Ponti.
The report said that Intesa Sanpaolo was also believed to be interested, as were suitors from France and Switzerland.
The report said that the sale is part of plans by Carige to cover an EUR 814m capital shortfall identified by the European Central Bank.
As previously reported, Banca Cesare Ponti has assets totalling EUR 30m and that the bank could be sold off for up to EUR 50m.
Source Milano Finanza daily edition