BPER gains control of Cassa di Risparmio di Bra

Obtained the necessary approvals from the competent Authorities “Banca popolare dell’Emilia Romagna Soc. Coop.” (“BPER”) and “Fondazione Cassa di Risparmio di Bra” (the “Fondazione”), today implemented the “Share purchase/sale agreement” signed on 20th September 2012 regarding the sale of 35.98% of Cassa di Risparmio di Bra (the “Cassa”) by the Fondazione to BPER, for a total amount of around Euro 23.9 million.
As a result, BPER now has a 67.00% controlling interest in the share capital of the Cassa (the pre-deal stake was 31.02%).
As soon as possible, BPER and the Fondazione will strengthen the capital base of the Cassa by subscribing a capital increase on a pro-rata basis, in order to boost its growth and expansion in the Piedmont Region.