BPER Gets ECB Green Light for Capital Raise in Sondrio Offer
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BPER Banca has received approval from the European Central Bank for its voluntary public exchange offer (OPS) for all ordinary shares of Banca Popolare di Sondrio. The ECB authorized the inclusion of newly issued shares, linked to the capital increase supporting the offer, as Common Equity Tier 1 (CET1) capital.
The central bank also confirmed that the related changes to BPER’s bylaws are consistent with sound and prudent management.
BPER noted that regulatory approval processes for other required authorizations are ongoing and proceeding in accordance with legal timelines.
The central bank also confirmed that the related changes to BPER’s bylaws are consistent with sound and prudent management.
BPER noted that regulatory approval processes for other required authorizations are ongoing and proceeding in accordance with legal timelines.