Strategic commercial partnership entered into with Unipolsai in long-term rental

BPER Banca S.p.A. (“BPER Banca”) and UnipolSai Assicurazioni S.p.A. (“UnipolSai”) have signed an agreement to start a strategic commercial partnership in long-term rental (“LTR”), which will be achieved, inter alia, via the merger by absorption (the “Transaction”) of Società Italiana Flotte Aziendali S.p.A. (“SIFA’”), entirely controlled by BPER Banca, into UnipolRental S.p.A. (“UnipolRental”), a company controlled by UnipolSai.

Upon completion of the merger  – scheduled to take effect at the beginning of the second half of this year, once the conditions precedent and statutory obligations are met – BPER Banca will hold a 19.987% interest in the share capital of UnipolRental, with which it will enter into a long-term commercial agreement for the referral of customers, through the Bank’s branch network and, more generally, through the commercial channels of the BPER Group (excluding Bibanca S.p.A.) to UnipolRental for LTR products and services related to LTR contracts.

The transaction which, pursuant to regulations in force, qualifies as a related party transaction of greater significance, was approved by the Board of Directors of BPER Banca, with the prior timely involvement of the Related Parties Committee throughout the preliminary examining phase and negotiations, which released its favourable opinion.

The information document on the transaction, prepared pursuant to art. 5 of Consob Regulation no. 17221/2010, is available to the public at BPER Banca's registered office, in the authorised storage system (www.1info.it) and on the website of BPER Banca S.p.A. (https://istituzionale.bper.it/) in the Section Governance – Related party transactions.