CariChieti may attract bid from Banca Popolare di Bari
CariChieti, one of the four Italian 'good banks' being sold off following a restructuring as part of a government-sponsored bailout, has attracted renewed interest from Italian lender Banca Popolare di Bari (BPB), Italian-language daily Milano Finanza reported.
BPB could be about to present an offer, the unsourced report noted. BPB presented a manifestation of interest for CariChieti last year, the report also noted.
The other three “good banks” are Banca Marche, Banca Etruria and Cassa di Risparmio di Ferrara (CariFe).
As previously reported, private equity firms Apollo and Lonestar have made offers for all four banks with the total value of the bids being EUR 500m-EUR 600m. This valuation was well below the target of EUR 1.4bn sought by the vendors, the report said.
PE firm Apax is believed to have made a separate offer for BAP, the insurance arm of Banca Etruria.
Milano Finanza daily edition