Banco Bpm, Aviva sells stake in Avipop Assicurazioni

Aviva informed Banco Bpm of the exercise of the put option on the entire share held by Aviva in Avipop Assicurazioni. This is announced in a note released by the Lombard-Veneto bank, according to which "the exercise of the put option follows the cancellation of the distribution agreement with Avipop Assicurazioni and Avipop Vita communicated by the Bank to the market on 30 June 2017 (for the terms the reorganization in the bancassurance sector and the put option, please refer to the Banco Bpm press release of 30 June)”. By mid-morning Banco Bpm stock was among the best in the Ftse Mib, where it gained about 1,5% to 3,228 euros per share.