Bloomberg News

BNP Makes All-Cash Offer to Buy Popolare Milano, F&M Says

June 17, 2011

June 17 (Bloomberg) -- BNP Paribas SA made an all-cash offer to buy Banca Popolare di Milan Scrl, Finanza & Mercati reported, without saying where it got the information.

Bank of Italy may oppose the deal, the Italian daily said, adding that the Italian lander may study a combination with Banca Popolare dell’Emilia Romagna Scrl. The newspaper didn’t give any financial details about the offer.

Banca Popolare di Milano declined to comment on the matter. A Rome-based spokesman for BNP Paribas didn’t immediately return calls from Bloomberg.

To contact the editor responsible for this story: Tommaso Ebhardt at tebhardt@bloomberg.net


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