Banco Popolare and BPM to choose merger advisors in near future -Il Sole 24 Ore
Banco Popolare and Banca Popolare di Milano (BPM), the listed Italian banks, are close to choosing advisors for potential merger properties, Italian language daily Il Sole 24 Ore reported. The unsourced report said that BPM is likely to choose Mediobanca while UBS could advise Banco Popolare.
The report said that another listed cooperative bank BPER could choose an advisor from Mediobanca, Citi and JPMorgan, all of which advised on BPER's EUR 750m capital increase last year.
As previously reported, Banco Popolare CEO Pier Francesco Saviotti has indicated that a merger with BPM is a possibility.
Banco Popolare has a market cap of EUR 5.2bn, BPM EUR 4.23bn and BPER EUR 3.86bn.
Source Il Sole 24 Ore