Banca Etruria attracts interest of Bank Hapoalim International
Banca Etruria, the listed Italian bank placed in special administration, has attracted the interest of Israeli lender Bank Hapoalim International, Italian language daily Milano Finanza reported. The unsourced report said that Hapoalim was admitted to Etruria's data room prior to the bank being put in administration.
The report said that Hapoalim was believed to be ready to carry out a EUR 500m capital increase. The report said that Hapoalim's involvement in the dossier has prompted questions on whether it was actually necessary to place Etruria in administration.
As previously reported Banca Etruria has been seeking a merger partner at the request of the Bank of Italy.
Banca Etruria has a market cap of EUR 127m.
Milano Finanza daily edition