Deadline for final sale of Nuova Cassa di risparmio di Ferrara, Nuova Banca delle Marche, Nuova Banca dell’Etruria e del Lazio and Nuova Cassa di risparmio di Chieti has been pushed forward till next September sources from the italian Ministry of Economy and Finance said yesterday.
The European Commission had initially set a deadlinen for next April but italian Authorities are working for prolonging of that deadline, the sources added.
Roberto Nicastro, chairman of the four mid-size “good banks” which were split last November from bad banks after a rescue by the Italian Government had always said that he was willing to selle the banks before Summer. Last February 19th the second deadline for a second expression of interest from potential investors had expired (see here a previous post by BeBeez).
Expressions of interest have been put forward both by financial intermediaris and by private equity firms (click here to download the BeBeez report about all private equity deals in the financial sector in italy, only Italian version).
