Veneto Banca, in a state of compulsory administrative liquidation, announced the sale of the majority of Banca Intermobiliare - the private bank retained by Montebelluna after the transfer to Intesa Sanpaolo - to Trinity Investments Designated Activity Company, an investment company subject to Irish law and managed by Attestor Capital.
The operation concerns 71,41% of the share capital and is worth 24 million euros. After the closing, Trinity will have to launch a mandatory takeover bid on Bim shares at a fixed unit price of 0,22411 euro.
To obtain the authorisations, Trinity will present an industrial plan for Bim until 2021: once the takeover bid is closed, a complex reorganization of the bank will be carried out, with a de-risking maneuver and a capital strengthening of 121 million euro .
