Reuters logo
BRIEF-Banco BPM CEO says to pick new insurance partner in October
September 15, 2017 / 11:10 AM / a month ago

BRIEF-Banco BPM CEO says to pick new insurance partner in October

Sept 15 (Reuters) - Banco BPM CEO Giuseppe Castagna says:

* About to invite bids to sell two portfolios of unsecured loans worth 2 billion euros, there could be 40-50 potential bidders

* Hopes to close sale of the two portfolios by year-end

* Hired Prelios to conduct due diligence on 3-3.2 billion euro portfolio of both secured and unsecured loans to be sold in first few months of 2018

* Expects four binding offers for new bancassurance accord by the end of month, to pick new partner by end-October but will then need regulatory approval Further company coverage: (Reporting by Milan Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below