The merger of the shares of the Banco Popolare: one new for every ten old. A move aimed at the next 1,5 billion capital increase.
Meanwhile, five US private equity operators have expressed interest in acquiring the majority of Release, the bad bank born from the restructuring of Banca Italease, 80% controlled by Banco Popolare. These are Apollo Global Management, Blackstone, Cerberus, Fortress together with the Italian Prelios and Lone Star.
Release has a portfolio of gross loans of 3,2 billion, partly of a real estate type: the operation, announced by Banco Popolare at the end of February as part of the industrial plan, on which Equita is working as advisor, provides for the purchase from part of the purchaser of at least 51% of the shares of Release.
At 10,30, Banco Popolare shares slid slightly on the Stock Exchange, losing 0,06%.
