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2 clusters · 4 sources · 7 days · First seen · Last updated

Credem acquisition of BdM Banca

Overview

Credem has entered exclusive negotiations with Mediocredito Centrale (MCC) to acquire a controlling stake in BdM Banca. The acquisition, valued between 500 and 600 million euros, is intended to expand Credem’s presence in Southern Italy, specifically in Campania, Puglia, Abruzzo, and Basilicata.

The potential deal has triggered concerns regarding “banking desertification” and the protection of small savers. In the Abruzzo region, residents fear the reorganization may lead to branch closures in small municipalities where BdM Banca is the sole provider. Additionally, in Bari, groups of small savers have organized protests, expressing apprehension that the transition to a new owner may lack sufficient guarantees for their rights and could negatively impact local economies.

Entities

Bdm Banca · Credem · Cassa di Risparmio di Orvieto · Banco Desio · Mediocredito Centrale

Timeline

  1. [BUSINESS] 2 sources
    BDM Banca acquisition sparks fears of banking desertification and investor fraud

    The proposed acquisition of BDM Banca has triggered warnings of banking desertification in Abruzzo and protests from former Banca Popolare di Bari savers fearing financial loss.

  2. [BUSINESS] 2 sources
    Credem enters exclusive talks to acquire BdM Banca

    Credem has entered exclusive talks to acquire a controlling stake in BdM Banca to expand into Southern Italy, while Banco Desio negotiates for Cassa di Risparmio di Orvieto.

Sources

businesspeople.it · certastampa.it · giornalemio.it · reggionline.com