Finance
Italian lender BPER secures nearly 36% stake in Pop Sondrio
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
BPER Banca has acquired nearly 36% of Banca Popolare di Sondrio, enhancing its control in the Italian banking sector amid a wave of financial mergers.
MILAN (Reuters) -Italy's fourth-largest lender, BPER Banca, said on Thursday it has secured almost 36% of Banca Popolare di Sondrio (BPSO) under its buyout offer, a stake it considers sufficient to secure control of its smaller rival.
In February, BPER launched an all-share takeover bid for BPSO as deal-making picked up in the Italian financial sector. Last week, the bank sweetened its offer by adding a cash component of 1.00 euro ($1.17) per BPSO share, valuing BPSO at 5.44 billion euros.
Borsa Italiana data earlier in the day showed that take-up had reached 35.96% of Banca Popolare di Sondrio's share capital.
The acceptance period for the offer ends on Friday, BPER said. The bid highlights the frenzied pace of bids and offers in Italy's banking sector over the last year.
BPER has a market capitalization of about 10.8 billion euros, more than double Popolare di Sondrio's 5.36 billion euros, according to LSEG data.
($1 = 0.8554 euros)
(Reporting by Gianluca Semeraro and Gursimran Kaur, editing by Gavin Jones and Richard Chang)
BPER Banca secured almost 36% of Banca Popolare di Sondrio under its buyout offer.
BPER sweetened its offer by adding a cash component of 1.00 euro.
The acceptance period for the offer ends on Friday, as stated by BPER.
BPER has a market capitalization of about 10.8 billion euros, which is more than double that of Popolare di Sondrio's 5.36 billion euros.
The bid highlights the frenzied pace of bids and offers in Italy's banking sector over the last year.
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