Accord for the sale of the controlling interest in Factorit s.p.a. to the Banca Popolare di Sondrio and Banca Popolare di Milano

The governing bodies of Banco Popolare and Banca Italease have approved the disposal of 90.5% of the capital of Factorit SpA. Banca Popolare di Sondrio will purchase a controlling interest in the company equal to 60.5% of the capital, while Banca Popolare di Milano will purchase 30%. The remaining 9.5% will remain within the Banco Popolare Group.
The price for the 90.5% stake has been set by the parties in € 154 million on the basis of a company value of €170 million. The completion of the transaction is subject to a confirmatory due diligence and the prior authorization of the appropriate authorities. Mediobanca acted as sole financial advisor to Banca Italease for the transaction.
 

Last update: 15/07/2016 - 11:33