Banco BPM SpA

M&A Activity • Mar 1, 2022

Informazione Regolamentata n. 1928-16-2022		Data/Ora Ricezione 01 Marzo 2022 18:04:28	Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	157941
Nome utilizzatore	:	BANCOBPMN09 - Marconi
Tipologia	:	2.2
Data/Ora Ricezione	:	01 Marzo 2022 18:04:28
Data/Ora Inizio Diffusione presunta	:	01 Marzo 2022 18:04:30
Oggetto	:	BANO BPM: TRANSFER OF 39.5% OF THE SHARE CAPITAL OF FACTORIT S.P.A. TO BANCA POPOLARE DI SONDRIO S.P.A.
Testo del comunicato

Vedi allegato.

PRESS RELEASE

TRANSFER OF 39.5% OF THE SHARE CAPITAL OF FACTORIT S.P.A. TO BANCA POPOLARE DI SONDRIO S.P.A.

Milan, 1 March 2022 – Banco BPM has announced that today it signed a share sale agreement for the transfer to Banca Popolare di Sondrio S.p.A. of its overall shareholding, equal to 39.5% of the share capital, held in Factorit S.p.A., an intermediary pursuant to Article 106 of the Consolidated Law on Banking (CBL) that operates in the advances and collection of trade receivables and related services.

The consideration agreed for the transfer to Banca Popolare di Sondrio S.p.A., already holding 60.5% of the share capital of Factorit S.p.A., is equal to a total of Euro 75 million, in line with the value at which the equity investment is recognised in the consolidated financial statements at 31 December 2021.

Therefore, the completion of the transaction, which is part of the more general action undertaken by Banco BPM in recent years to rationalise its equity investment portfolio, has no impact on the income statement, while it generates a positive impact of 14 basis points on the fully phased CET1 ratio compared to the same figure at 31 December 2021.

The transaction will be finalised by the end of this month.

Contacts:

Investor Relations Roberto Peronaglio +39 0294772108 investor.relations@bancobpm.it Communication Matteo Cidda +39 02 77 00 7438 matteo.cidda@bancobpm.it Press Office Monica Provini +39 02 77 00 3515 monica.provini@bancobpm.it