Business · Companies · 9 hrs ago

MCC opens exclusive talks to sell BdM Banca and Orvieto savings bank

MCC opens exclusive talks to sell BdM Banca and Orvieto savings bank

Mediocredito Centrale has chosen buyers to negotiate with over the possible sale of two banks it owns.

It will hold exclusive talks with Credem for BdM Banca and with Banco di Desio e della Brianza for Cassa di Risparmio di Orvieto.

Mediocredito Centrale controls BdM Banca, formerly known as Popolare di Bari.

The decision follows a competitive process in which several banking operators submitted offers.

A local bid from Banca Popolare di Puglia e Basilicata and Iccrea was excluded from the negotiations.

The sales are not yet complete: the talks will cover their main terms and conditions.

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Mediocredito CentraleBanking group statement
After a careful assessment of the offers received from prominent banking operators in a competitive process, the Board of Directors resolved to grant a short period of exclusivity to negotiate the main terms and conditions of the potential sale of the stakes held in BdM Banca and Cassa di Risparmio di Orvieto (“Cro”).
via Corriere della Sera