Banca Popolare Milano Says Monte Parma Foundation Rejects Purchase Offer

Banca Popolare di Milano Scrl, Italy’s oldest cooperative lender, said Fondazione Monte di Parma rejected an offer for a 51 percent stake in Banca Monte Parma SpA, according to a statement distributed by the Italian exchange.

To contact the editor responsible for this story: Marco Bertacche at mbertacche@bloomberg.net

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