Banco Popolare and Banca Popolare di Milano signed the merger deed between the two institutions yesterday. The operation will be carried out through the establishment of a new banking company called Banco BPM spa.
The merger "will take effect from 2017 January XNUMX - reads the note -, subject to the release, following the outcome of the proceedings in progress, of the authorizations by Borsa Italiana for the admission to listing of the issued Banco BPM shares and the bonds of certain bond financial instruments currently issued by Banco Popolare, as well as by Consob on the publication of the information prospectus necessary for this purpose".
Subject to the release of these authorisations, Banco Bpm shares will be listed starting from 2 January 2017 (with consequent simultaneous revocation from trading on the MTA of the shares of the two banks participating in the merger). The treasury shares held by the two banks will be canceled without exchange.
Meanwhile, today in Piazza Affari the share of Bpm rebounds by 4,3% at the end of the morning, while that of Banco Popolare rises by 4,6%.
