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New Deal


Announced

BPPB to acquire 26 branches of Intesa Sanpaolo for €9m.

Financials

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Transaction Value£7m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Banks

Acquisition

Majority

Domestic

Single Bidder

Friendly

Italy

Private

banks

Synopsis

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BPPB, an Italian cooperative bank based in Altamura, agreed to acquire 26 branches of Intesa Sanpaolo, an Italian banking group, for €9m. The acquisition of the business unit is in line with BPPB's objectives aimed at dimensional growth, increasing profitability and improving asset quality, while maintaining a solid capital position.

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