The negotiation that could lead Igea Banca's shareholder investors to buy Banca del Fucino will continue exclusively for two months. The news was released by the Radiocor agency.
On the other hand, the agreement could be concluded in a much shorter time: it is possible that the white smoke will arrive within a few days.
The scheme of the operation – in which some banking foundations will also participate, including the Banca del Monte di Lombardia Foundation – provides for the creation of a banking group with the maintenance of the two licenses: Igea specialized in digital technology and Fucino in private banking.
The Torlonias, shareholders of Banca Fucino, through the subscription of a capital increase, will become minority shareholders of the new group, while maintaining a significant share.
The Banca Fucino network includes 30 branches between Rome and Abruzzo. Igea Banca, on the other hand, has only four branches, three of which are in Sicily, a legacy of Banca Popolare dell'Etna in extraordinary administration, sold in 2015 by the commissioner's management to financial Igea which merged by incorporation into the bank. The latter, following its transformation into a joint-stock company, was renamed Igea Banca.
