BPER Banca SpA (BIT:BPE) agreed to acquire 80% stake in Carige S.p.A. - Cassa di Risparmio di Genova e Imperia (BIT:CRG) from The Interbank Deposit Protection Fund for €1 on February 14, 2022. The Agreement, signed after completion of the confirmatory due diligence conducted on CARIGE by BPER Banca. The consideration of €1 for the acquisition of the entire shareholding owned by the Selling Shareholders and payment of a capital contribution of €530 million to CARIGE by FITD at the closing of the Transaction.

Closing, which is subject to obtaining the necessary regulatory and statutory authorizations including anti trust approval, is expected to take place in the first half of 2022. As of June 1, 2022, Anti trust approval has been obtained relating to the transaction. The all members of Board of Directors of Carige S.p.A. - Cassa di Risparmio di Genova e Imperia tendered their resignations with effect from June 15, 2022.

BPER Banca will launch a mandatory public purchase offer, after Closing, on the remaining shares of CARIGE at a price of €0.80 per share. Banca Carige informs that the European Central Bank has notified the Bank of its decision to amend the SREP decision, the ECB postponed, to a date following the expected completion of the business combination, the deadline within which the Bank is supposed to submit a capital strengthening plan (from the initial deadline of March 31, 2022, to 30 September 31, 2022). As of May 25, 2022, the transaction received authorization from the European Central Bank and closing is expected to take place within the first ten days of June 2022.

Barclays Bank Ireland PLC (Milan Branch) acted as financial advisor to BPER Banca SpA.