Unipol likely to increase BPER Banca stake to 10% (translated)
28 APR 2017
Unipol [BIT:UNI], the Italian financial services group, will consider boosting its stake in Italian lender BPER Banca [BIT:BPE] from 5% to 10%, Italian-language daily Il Sole 24 Ore reported, citing Unipol CEO, Carlo Cimbri, as saying that the group was examining the possibility.
The report noted that Unipol does not need regulatory approval to take its stake to 10%.
There have been market rumours of a possible merger between BPER and Unipol Banca, Unipol's banking subsidiary, as reported earlier.
BPER has a market cap of EUR 2.3bn.