Banco Bpm's Executive Committee has approved a loan of 385 million euro in favor of Vittoria Capital aimed at supporting the company in the public purchase and exchange offer promoted on all the ordinary shares of Vittoria Assicurazioni. This is what we read in a note issued by the Lombard-Veneto bank.
Last May 16th Vittoria Capital, controlling shareholder of Vittoria Assicurazioni with 51% of the capital, announced a takeover bid in concert with Yafa Holding, which holds 7,2%, on the remaining outstanding capital, in an operation aimed at the delisting of the insurance company's stock.
Vittoria Capital and Yafa Holding both refer to Carlo Acutis. Those adhering to the offer will be awarded 14 euros per share or alternatively 1,4 unlisted shares of Vittoria Capital for each share tendered. Today, the Vittoria Assicurazioni stock travels on parity, while Banco Bpm loses half a percentage point at the beginning of the afternoon, in a day of heavy losses for the FtseMib.
