BPER Banca gains key 35% stake in Banca Popolare di Sondrio

Banca Popolare Di Sondrio SpA

10/07/2025 17:13

MILAN, July 10 (Reuters) - Italy's fourth-largest lender, BPER Banca EMII.MI, has secured at least 35% of smaller rival Banca Popolare di Sondrio (BPSO)BPSI.MI under its buyout offer, a stake it considers sufficient to secure control, the Italian bourse said on Thursday.

In February, BPER launched an all-share takeover bid for BPSO amid heightened deal-making activity in the Italian financial sector. Last week, the bank sweetened its offer by adding a cash component of 1.00 euro ($1.17) per BPSO share.

Borsa Italiana data showed that take-up had reached 35.96%, of Banca Popolare di Sondrio's share capital.

The acceptance period for the offer ends on Friday.

  ($1 = 0.8554 euros)

 (Reporting by Gianluca Semeraro, editing by Gavin Jones)

 ((gianluca.semeraro@tr.com; +39 06 80 307 741;))