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We hereby inform that “Banca popolare dell’Emilia Romagna Soc. Coop.” ("BPER") and "Fondazione Cassa di Risparmio di Saluzzo" (the "Foundation") - having obtained the required authorizations from the competent Authorities - have executed as of today the "Share purchase agreement", signed this past 13 April, aimed at ensuring that Cassa di Risparmio di Saluzzo S.p.A. (the "Savings Bank") become part of BPER Group.
BPER acquired 48.98% out of the Savings Bank’s share capital from the Foundation, thus increasing its shareholding from 31.02% up to 80%.
The transaction is consistent with the BPER Group's strategy of enhancing its shareholdings in banking entities operating in the Piedmont region, strongly rooted in their own local areas, in line with the previous transaction entered into with Cassa di Risparmio di Bra in early 2013.