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BRIEF-Banco Bpm to sell 65 pct stake in Avipop and Popolare Vita to Cattolica for Euro 853.4 mln
2017年11月3日 / 晚上7点53分 / 14 天前

BRIEF-Banco Bpm to sell 65 pct stake in Avipop and Popolare Vita to Cattolica for Euro 853.4 mln

Nov 3 (Reuters) - Banco Bpm

* Banco Bpm-‍reached agreement for sale of a 65% stake in Avipop Assicurazioni and popolare vita to Cattolica Assicurazioni, for euro 853.4 million​

* Banco Bpm says ‍cattolica will have management control of insurance companies. Banco bpm will keep holding veto powers on significant strategic matters​

* Banco Bpm says ‍Cattolica will finance this transaction with internal resources and by accessing debt capital markets.​

* Banco Bpm says ‍transaction will be accretive on Cattolica’s earnings, while designed financing structure will preserve its solid capital ratios​

* ‍Cattolica will appoint CEO of insurance companies, while Banco Bpm will appoint general manager​ Source text for Eikon: Further company coverage:

我们的标准:汤森路透“信任原则”
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