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Groupe BPCE sells a 4.66% stake in Banca Carige

Groupe BPCE announces the signing of an agreement with Malacalza Investimenti regarding the disposal of a 4.66% stake in Banca Carige for a total consideration of Euro 32.7 million.

Following this transaction, Groupe BPCE will hold a 5.1% stake in Banca Carige.

This transaction is part of Groupe BPCE’s strategy of reducing or selling its stakes in non-core assets.

Barclays and Natixis have assisted Groupe BPCE in the context of this transaction.