Italy's BPER to present new plan after Carige deal closes - CEO
Reuters
Published Feb 15, 2022 01:17PM ET
(Repeats without changes)
MILAN (Reuters) - Italy's fifth-largest bank BPER Banca will present a new business plan after the closing of the deal for Carige, Chief Executive Piero Luigi Montani said in a statement on Tuesday.
Details of synergies from the deal will be provided only after the closing, expected by the end of June, said Montani, adding that the group will develop a private banking business using Carige's unit Banca Cesare Ponti.
BPER on Monday agreed to buy Carige after entering exclusive talks with Italy's FITD depositor protection fund last month. ($1 = 0.8813 euros)
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Written By: Reuters
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