Italy's BPER to launch buyout on Meliorbanca unit

Newswire

MILAN, June 23 (Reuters) - Italy's Banca Popolare dell'Emilia Romagna (BPER) will launch a buyout offer for the 71.8 percent of its Meliorbanca unit it does not already own at 3.2 euros per share, BPER said on Monday. BPER aims to delist shares in Meliorbanca after the offer, which represents about a 3.6 percent premium on the stock's official closing price on Monday, it said. "The offer aims to integrate (Meliorbanca) into the BPER group with the goal of generating significant cost and ...

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