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MILANO (Reuters) – Italy’s Banca Intermobiliare (BIM) said on Thursday it was granted an exclusive period to negotiate a potential acquisition of financial consulting bank Banca Consulia.
BIM, which is controlled by UK-based investment fund Attestor, said the exclusive period will run until Jan. 15, with the aim to present a binding offer.
A potential offer for Banca Consulia could be made in cash and shares to be issued through a reserved capital increase, it added.
Reporting by Andrea Mandalà; editing by Agnieszka Flak
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