Banca Popolare dell’Etruria contacts BPM for possible merger
Banca Popolare dell’Etruria, the listed, Italian bank, has contacted representatives of listed, Italian peer BPM for a potential merger.
This was reported by Italian-language daily Il Messaggero which quoted unnamed sources.
Etruria's Chairman Francesco Rosi, and his two deputies, Alfredo Berni and Pierluigi Boschi, had contacted representatives of BPM, the article noted. The report said that on Monday 30 June, there will be a board meeting of Etruria, where Rosi will provide an update on the potential merger candidates.
However, the report said that the heads of BPM, Piero Giarda, Mario Anolli and Giuseppe Castagna, want to consult with the Bank of Italy to get a potential go ahead. Lazard and Rothschild are advising Etruria, the article added.
Meanwhile, the report said that BPM could consider a merger with Creval but only starting 2015. At the same time, Etruria has also contacted BPER for a possible merger, the report noted.
Source Il Messaggero