BPER to Take Over Popolare Sondrio as Part of Italy M&A Wave

BPER Banca SpA is set to take control of rival Banca Popolare di Sondrio SpA after its bid won the backing of a majority of investors.

Shareholders tendered 58.3% of Popolare Sondrio’s capital, above the minimum threshold of 50% plus one share set by BPER, according to a Milan stock exchange statement.