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Italy's BPER Banca ready to discuss its Carige proposal with FITD

Italy's BPER Banca ready to discuss its Carige proposal with FITD
Italy's BPER Banca ready to discuss its Carige proposal with FITD   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">MILANO</span> – Italy’s <span class="caps">BPER</span> Banca said on Tuesday it is ready to discuss in depth its offer to buy the Carige’s with the owner of the ailing regional lender. </p> <p>Last week <span class="caps">BPER</span> Banca made a takeover proposal to Italy’s depositor protection fund (<span class="caps">FITD</span>) for the controlling stake it holds in Carige after its 2019 rescue, contingent on the industry first pumping 1 billion euros in the loss-making bank.</p> <p>However the Italian banks which are stakeholders in the <span class="caps">FITD</span>, rejected the initial offer saying the fund could not meet <span class="caps">BPER</span>’s capital demand.</p> <p>“<span class="caps">BPER</span> Banca reiterated to the Fund its willingness to provide the clarifications requested and carry out the deep-dive analysis deemed necessary, as well as to jointly verify the assumptions underlying the offer”, the bank said in a statement.</p> <p/> </div>