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New Deal


Announced

SRI Global to acquire a 73.6% stake in CariOrvieto from Banca Popolare di Bari.

Financials

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Transaction Value£53m
Consideration Type-
Capital Owned-
Capital Bid For74%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Pending

Majority

banking services

Acquisition

Italy

Banks

Single Bidder

Synopsis

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SRI Global, a qualified Investor, made a binding offer to acquire the 73.6% of Cassa di Risparmio di Orvieto, a provider of banking services operating in the regions Umbria, Lazio and Tuscany with 50 branches and assets of around €1.4bn ($1.6bn), from Banca Popolare di Bari for reportedly €60m ($68m).

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