Bper's offer for Popolare di Sondrio has been successful.

With subscriptions reaching 35.96% of BPS's share capital, BPER's takeover and exchange offer has effectively succeeded. The Modena-based bank has in fact exceeded the minimum threshold required for the Sondrio takeover bid. Above 35%, the offer is valid, as this is the non-waivable threshold, while the 50% + 1 share threshold is renounceable. Tomorrow we will see at what level the transaction will be concluded. The higher the threshold, the easier it will be to accelerate the incorporation of Popolare di Sondrio and the synergies. However, according to the offer prospectus, the Modena-based bank can already exercise a dominant influence and guarantee control of the ordinary shareholders' meeting and therefore a majority on the Valtellina bank's board of directors.
ansa