Italy’s FITD fund approves sale of Carige stake to BPER
Italy’s FITD fund approves sale of Carige stake to BPER
The fund that owns ailing Italian lender Carige approved the sale of its stake to BPER Banca. This was stated in a deal that will end a seven-year crisis at the regional lender. BPER is Italy’s fifth-largest bank. Over the last month, they entered exclusive talks over Carige with Italy’s FITD depositor protection fund. And, they own 80% of the bank since a 2019 rescue financed by the industry.…
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