Brief: Banca Sistema Transfers 25% Of Unit ProntoPegno To Three Foundations

Banca Sistema

11/12/2019 12:00

Dec 11 (Reuters) - Banca Sistema SpA  BSTA.MI :
    * THREE BANKING FOUNDATIONS WILL BACK BANK IN ACQUISITION OF GOLD/JEWELRY-BACKED LOANS UNIT
OF
INTESA
    * TO TRANSFER 25% OF PRONTOPEGNO TO FOUNDATIONS
    * SHAREHOLDERS WILL SUBSCRIBE TO THEIR SHARE IN RIGHTS ISSUE OF PRONTOPEGNO
    * PRONTOPEGNO'S RIGHTS ISSUE TO BE FOLLOWED BY PURCHASE OF UNIT OF INTESA SANPAOLO
    * PRONTOPEGNO TRANSACTION TO BE COMPLETED BY THE FIRST HALF OF 2020
    * ENGAGES IN COLLATERAL LOANS ON GOLD/JEWELRY VIA UNIT PRONTOPEGNO

Source text for Eikon:  ID:nBIA3vn5jh 
Further company coverage:  BSTA.MI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))