Popular Sondrio and that (well mannered) «No, thanks» by Ing | EUROtoday

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As the invitation to look at the file on Banca Popolare di Sondrio had accepted, so Ing has already filed the file. The selection, based on the one 24 hours, was communicated with a well mannered “no, thanks” by the Dutch entrance and places an finish to a courtship by no means actually blossomed. The subject, except sensational twists and turns, now stays free for the Modenese institute that’s getting ready to launch its OPS within the second half of June.

Interest

An curiosity, that of the financial institution of the Netherlands, emerged between the traces final April when Carlo Cimbri, CEO of Unipol (first shareholder of each Bper and Sondrio), had evoked the arrival of a possible international competitor. “It seems that a group with orange colors has given a mandate to local lawyers to study an operation on the Popolare di Sondrio,” stated the supervisor, including with pragmatism: “We have no eternal friends or enemies, eternal are only our interests. If they make us move, we are open to anything. Then, as Italian, I would prefer a consolidation of the national financial system rather than a scroll of foreigners ».

Contact

In recent weeks, a contact between Ing and Pop Sondrio has been, orchestrated through Advisor and facilitated on the one hand by the will of Popo to get away from Bper’s aims and the other by the desire to grow. The same CEO of Ing, Steven Van Rijswijk, had made no secret of being “looking for acquisitions to develop in Germany, Italy and Spain”. However, between saying and offering there is the balance of synergies and conveniences. And above all, in the specific case, there is to consider the political wind that seems to blow in Europe, not very favorable to trans-national operations. All this must have pushed the Dutch board to suddenly. So much so that, after the first exploratory contacts, a refusal to proceed would have arrived from the top of the orange bank. Contact by Sole 24ore, both banks have not released comments.

The OK CONSOB

To date, Bper remains the only bidder on the field. Strengthened by a 4.3 billion proposal in “Carta” announced in February, the Modena Institute – supported by Unipol – after the OK to the prospectus by Consob, who arrived yesterday, is preparing to launch its OPS on June 16 and until 11 July. An operation presented as “pure” by Cimbri, given the commonality of origins and participations between the two former popular institutes. But that now he will have to overcome the test bench and the resistance of pop. Sondrio – that next week will hold the board of directors to give the judgment on the OS – in the adhesions test. 35% – BPER threshold to make the OPS effective – is at hand, but the goal is to go beyond. We will see as far as Sondrio will battle.