Italian bank redoubles effort to thwart ABN's takeover bid

Article Abstract:

Banca Popolare di Lodi S.C.A.R.L. has been purchasing shares of Banca Antonveneta and now owns a 28.6 percent stake, outshining ABN Amro Holding N.V. with 18.1 percent. Banca Popolare di Lodi S.C.A.R.L. has also rallied shareholders to oppose the ABN AMRO Holding N.V. acquisition. The original takeover bid by ABN AMRO Holding N.V. of Banca Antonveneta had looked as if it would receive the approval of Italian regulators.

Banca Popolare di Lodi S.C.A.R.L.

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Unipol raises bid for BNL of Italy following ruling

Article Abstract:

Unipol Assicurazioni of Italy has raised its offer for Banca Nazionale del Lavoro also of Italy to approximately 5 billion Euros ($6 billion) based on 2.755 Euros per share. The Chief Executive Officer of the commercial finance company, Giovanni Consorte is under investigation by Italian authorities concerning irregularities in a banking takeover battle for Banca Antonveneta.

INSURANCE CARRIERS, Business Credit Institutions, Insurance industry, Commercial finance companies, Banca Nazionale del Lavoro, Unipol Assicurazioni

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Italian contender is set back in bid for Antonveneta

Article Abstract:

The takeover of Banca Antonveneta S.p.A. of Italy has been thrown into question by Italian prosecutors who have frozen shares held by Banca Popolare Italiana SCRL. An investigation into alleged market rigging and insider trading has been launched. ABN AMRO Holding N.V. of the Netherlands was about to give up on its acquisition bid.

Legal issues & crime, Company legal issue, Investigations, Insider trading in securities, Insider trading (Securities)

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