Overview

• The public takeover offer closed July 11 with 58.3 percent shareholder participation, exceeding both the mandatory 35 percent and optional 50 percent thresholds required for its validity.
• Bper will reopen the offer from July 21 to 25, allowing further subscriptions ahead of its planned merger with Popolare di Sondrio.
• The bank enhanced its bid on July 3 by adding a €1 per share cash component to its exchange proposal, bolstering its appeal among investors.
• By surpassing the 50 percent threshold, Bper secures dominant influence over Popolare di Sondrio’s assembly and board as it prepares to create Italy’s third-largest banking group.
• In parallel, Banca Ifis’s OPAS on Illimity closed with over 91 percent participation, enabling the lender to delist Illimity shares.