Reported 23 days ago
ING Groep is in early discussions to potentially acquire Italy's Banca Popolare di Sondrio as part of its European expansion strategy. While these talks are not yet advanced, they may contrast with a recent €4.3 billion bid by BPER Banca for Sondrio. As the competitive landscape in Italian banking intensifies, Sondrio has sought advisory support from Bank of America and Morgan Stanley, while planning to return €1.5 billion to shareholders to bolster its position.
Source: YAHOO