Out with Banco Bpm, in with Bper. Following the exit of Piazza Meda, which decided not to pursue the acquisition, BFF's fate appears increasingly tied to the Emilian group controlled by Unipol.
Secondo mf, the bank would have presented anon-binding offer for payment services and the custodian of Bff, putting on the table approximately 400 million, a figure very far from the billion euro valuation of some shareholders, like Paolo Basilico and Marco Drago, who last August 18th had sent a letter to the institute's board to avoid a sell-offThe €600 million valuation difference will be the focus of the meeting between BFF's shareholders and board, scheduled for the next few days.
The conditions set by Bper
The Emilian bank would also have placed three conditions: a full due diligence of Bff, the presence of guarantees on the existence of an adequate level of capital, finding a partner for the factoring division, capital-intensive activities. And this is where it could come into play. Amco, a company controlled by the Treasury, with which Bper is reportedly in discussions and which has already submitted an offer without, however, indicating a price. Also in the running Cerberus, which instead proposes a capital increase of 180 million euros for 30% of BFF. Non-binding offers, but for payment services only, have also arrived from CF+ and Sella.
