Italy’s Banca Intermobiliare in exclusive talks to buy Banca Consulia

Industry:    2020-12-11

Italy’s Banca Intermobiliare (BIM) said on Thursday it was granted an exclusive period to negotiate a potential acquisition of financial consulting bank Banca Consulia.

BIM, which is controlled by UK-based investment fund Attestor, said the exclusive period will run until Jan. 15, with the aim to present a binding offer.

A potential offer for Banca Consulia could be made in cash and shares to be issued through a reserved capital increase, it added.

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