The Board of the Popular Bank of Vicenza "ascertained that there are no grounds for continuing the negotiations in relation to the proposed integration" with the Banca Popolare dell'Etruria and Lazio. This is what we read in a note from the institute, where it is noted that "any other proposals other than the now lapsed binding offer" formulated by the popular Vicenza firm on May 28 "cannot be taken into consideration as they do not correspond to the strategy" of Pop Vicenza.
The Board's considerations follow the lack of a positive assessment of the takeover bid by the Board of Banca Popolare dell'Etruria, which on 11 June "although confirming the interest in a merger", highlighted "that it could not currently express a preliminary positive evaluation”, thereby invalidating the binding offer.
