BFF Bank jumps on report of potential interest from international investors

BFF Bank SpA

22/05/2024 10:15

** Shares in Italy's BFF Bank  BFF.MI  rise 5% after MF daily
reports a potential interest for the group from international
investors
    ** Earlier in the month, its shares fell sharply after the
Bank of Italy ordered the group to halt dividend and bonus
payments over potential misclassification on credits
    ** While Banka Akros analysts do not rule out a potential
acquisition, they note that it remains unlikely until a final
clarification on credit reclassification
    ** The lack of strong investors in BFF capital makes
conditions for potential acquisitions more favourable, the
broker adds
    ** CEO Massimiliano Belingheri is BFF's biggest investor
with around 6% stake, while the free float capital represents
around 93% of share capital
    ** BFF outperforms Italy's all-share index  .FTITLMS , which
is down 0.3%

 (Reporting by Alberto Chiumento)
 ((Alberto.Chiumento@thomsonreuters.com;))