Announced

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

Synopsis

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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