Banca Popolare di Milano and Milano Assicurazioni: purchase/sale of 51% of the share capital of Bipiemme Vita agreed today

Corporate: Financial
Thursday, June 17, 2010

Banca Popolare di Milano S.c.r.l. and Milano Assicurazioni S.p.A. under the agreements signed on December 23, 2009 regarding the winding-up of the bancassurance partnership, and having received the necessary legal authorisations, today announce the transfer to Banca Popolare di Milano of the 51% of the share capital of BIPIEMME VITA S.p.A. held by Milano Assicurazioni for a total consideration of Euro 113 million (which includes, as contractually agreed, the proquota dividends already received by the ceding party).

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