{"clientID":"2b71d197-0c21-4234-ba98-2689b888f985","signature":"664610f33aa0503128c41216cec8b65f079ea4ee9ece982d6c7d6715d0fc4e88","encryption":"68cad83b4246825bd81d4bc1059d4620","keyID":"183b753b-7f28-af43-f453-4bd93774f44a","user":"C1AAFC8C323DFDA567B3CD7D0E48C3DD","clientIDSh":"1d9f34e6-7f26-427f-a9d8-0fa45b27a1ca","signatureSh":"664610f33aa0503128c41216cec8b65f079ea4ee9ece982d6c7d6715d0fc4e88","encryptionSh":"68cad83b4246825bd81d4bc1059d4620","keyIDSh":"16eb5dfd-e4eb-6b7e-4294-8fc82de1428e","userSh":"C1AAFC8C323DFDA567B3CD7D0E48C3DD"}

Milano, 07 October 2002

JOINT PRESS RELEASE
INTESABCI, DEUTSCHE BANK,

BANCA POPOLARE COMMERCIO E INDUSTRIA


 

IntesaBci, Deutsche Bank and Banca Popolare Commercio e Industria reached a financial agreement for the sale of the bare ownership of the 24.92% stake of Banca Carime still held by IntesaBci to Deutsche Bank and the drawing up by Deutsche Bank and Banca Popolare Commercio e Industria of a call option (exercisable by 2006) and a put option (exercisable in 2006) concerning this stake on conditions equivalent to the current ones.

 

The sale, for a consideration of approximately 400 million euro, generates a capital gain of approximately 220 million euro on IntesaBci’s consolidated statement of income.

 

The operation doesn’t change Banca Popolare Commercio e Industria’s commitments and reflects positively on Banca Popolare Commercio e Industria’s statement of income from now up to 2006 for a present value of approximately 15 million euro.

 

The closing of the operation is subject to the authorisation of the competent authorities.

{"toolbar":[{"label":"Refresh","url":"","key":"update-page"},{"label":"Print","url":"","key":"print-page"}]}