Crà © dit Mutuel straight on BPM

The detailed design and integration of structured cooperative group fancese with the Banca Popolare di Milano à ¨ been presented. The plan comprises essentially three main points are: participation in investment to expand the network of branches from the current 710 to 1,200 BPM within 5-7 years, realization of synergies extended to the whole chain (from bancassurance to asset management, from leasing the factory), and revisiting the governance of BPM in order to equate non-members-only employees but also shareholders and customers. Crà © dit Mutuel, together with Bper à ¨ been allowed by the strategic committee of BPM for the final evaluation on the alliance with the banking group in Milan after a start of 40 nominations of interested companies, including, in the end, in addition to Crà © dit Mutuel, arrived Unipol Popolare Vicenza and Bper. The Board, chaired by Roberto Mazzotta, à ¨ called for next Tuesday, appears to have been just Mazzotta who wanted to discuss also the application of Bper although this, at the time did not present a detailed written about. The board on Tuesday will be taken decisions on how and with whom they proceed to the final close of alliance management BPM and then be able to define in detail the operational phases of the substance as the amount of 'investimewnto (Crà ¨ dit Mutuel is shown to have already invested in BPM 300 million without having to date by the industry) and by cost and revenue synergies.

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