Custodia Valore - Credito su Pegno S.p.A. signed an agreement to acquire Banca Carige line of business from Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia (BIT:CRG) for €8.75 million on May 12, 2022. The acquisition is subject to obtaining the necessary approval by the Authorities. As of June 1, 2022, the transaction has been approved by the Italian Competition Authority.

As of September 30, 2022 The transaction, approved by the Competent Authorities, will be effective as of 1 October 2022.The closing of the transaction is expected during the second half of the current year. Pricewaterhousecoopers Business Services Srl acted as a financial advisor, Gianni, Origoni, Grippo, Cappelli & Partners acted as a legal advisor to Banca craige, Greenberg Traurig Santa Maria acted as a legal advisor to Affide. Equita SIM S.p.A. and Lazard Ltd (NYSE:LAZ) acted as financial advisor to Banca Carige, and Aldo Sacchi, and Matteo M. Cremascoli of Studio Legale Galbiati Sacchi E Associati acted as legal advisor to Banca Carige