La People's Bank of Milan speeds up the time to go up to 100% of the People of Mantua. This is a fundamental operation in view of the merger of the Milanese bank with the Banco Popolare, which could become effective at the end of the year, creating the third largest Italian bank.
The Mantua bank, once fully owned by Bpm, is destined to be remodeled and to become the new network bank with the Bpm Spa brand and will receive the branches of the Milan branch. The 36% share still to be deducted belongs, in equal parts, to the Colaninno, Zanetti and Corneliani families and is valued at 11 million euros.
