BPER completed the acquisition of an 80% stake in Carige from FITD for $601m.

BPER, an Italian banking group, completed the acquisition of an 80% stake in Carige, an Italian bank, from Interbank Deposit Protection Fund, an Italian deposit guarantee fund, for $601m. BPER Banca launched a mandatory public purchase offer, after closing, on the remaining shares of CARIGE at a price of $0.91 per share.