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BPM sells further 4 pct stake in Bipiemme Vita to Fondiaria-SAI for 7.9 mln eur.

Europe Intelligence Wire

| October 18, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

MILAN (AFX) - Banca Popolare di Milano (BPM) said Fondiaria-SAI SpA's quoted unit Milano Assicurazioni SpA has exercised its option to acquire a further 4 pct stake in Bipiemme Vita SpA for 7.9 mln eur.

The acquisition gives BPM and Milano Assicurazioni 50 pct stakes each in Bipiemme Vita, a bancassurance venture set up in …

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News wire article from: Europe Intelligence Wire September 12, 2006 700+ words
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