Banca Popolare di Vicenza intends to launch a total takeover bid on the shares of Banca Popolare dell'Etruria e del Lazio at one euro per share, with a premium of 25,8% compared to the official stock market price of 27 May (0,7949. 2). The news made Banca Etruria's share take off on the Stock Exchange, which, after failing to make a price in the first few minutes, was admitted to trading with an increase of XNUMX2,1%, at 0,96 euro, approaching the price of the takeover bid.
PopVicenza specifies that the offer is conditional on the receipt, by 12 June next, of a favorable opinion on the takeover bid from Banca Etruria.
The offer, which will allow Pop Vicenza to hold over 90% of Banca Etruria, is aimed at the delisting of the share. The Vicenza bank expects the transaction to be completed within this year, subject to the go-ahead from the Supervisory Authorities.
