Banco BPM Finalises Payment Partnership With BCC Iccrea, FSI
Oct 1 (Reuters) -Banco BPM SpA BAMI.MI:
PARTNERSHIP BETWEEN BANCO BPM, BCC ICCREA, AND FSI FINALIZED
NUMIA GROUP OWNED 42.86% BY FSI, 28.57% EACH BY BANCO BPM AND BCC ICCREA
AFTER TRANSACTION, BANCO BPM RECEIVED FOR CONTRIBUTED ASSETS A CONSIDERATION OF €500M, WITH UPFRONT CASH COMPONENT OF MORE THAN €200M, PLUS POTENTIAL ADDITIONAL DEFERRED PRICE COMPONENTS OF UP TO €80M
UPFRONT CAPITAL GAIN ACCRUED ON TRANSACTION HAS POSITIVE IMPACT ON BANCO BPM'S FULLY LOADED CET1 RATIO OF ABOUT 88 BPS
THE 28.57% INTEREST INCREASES DEDUCTIONS FROM CAPITAL HAS EFFECT ON CET1 RATIO OF -49 BPS (TOTAL IMPACT BEFORE DIVIDEND PAYOUT OF +39 BPS
Further company coverage: BAMI.MI
(Gdansk Newsroom)
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