Italian lender BPER said on Thursday that it has increased its bid for smaller rival Popolare di Sondrio , valuing the bank ...

In February, BPER Banca rushed to join the wave of consolidation sweeping through Italy’s crowded banking sector in a bid to ...

(Reuters) -Italian lender BPER has increased its bid for smaller rival Popolare di Sondrio to 5.44 billion euros ($6.39 ...

The updated offer comprises 1.450 newly issued BPER shares and an additional cash payment of €1 per Popolare di Sondrio share.

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BPER's market capitalisation of about 10.9 billion euros is more than double mid-sized lender BPSO's market value of 5.32 billion euros, according to LSEG data. The increased offer from Italy's fourth ...

The updated offer comprises 1.450 newly issued BPER shares and an additional cash payment of €1 per Popolare di Sondrio share.

By Elena Vardon Italian lender BPER Banca topped up its offer for Banca Popolare di Sondrio by throwing in a cash component to value the smaller rival at around 5.47 billion euros ($6.43 billion).

BPER Banca topped up its offer for Banca Popolare di Sondrio, valuing its smaller rival at around $6.43 billion. Photo: FLAVIO LO SCALZO/REUTERS ...

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