Exclusive negotiations til May 28 (Il Sole 24 Ore Radiocor) - Milan , 16 Apr - The board of Banca Popolare Sant'Angelo has accepted a binding offer from Banca Popolare di Ragusa aimed at a merger, according to a statement from the two Italian cooperative lenders.

Banca Popolare Sant'Angelo has given Banca Popolare di Ragusa a period of exclusive negotiations until May 28, the date by why the binding offer is set to be finalized.

The banks noted that the tie-up requires necessary approvals within the lenders and with regulatory authorities.

AAA-Hob

(RADIOCOR) 16-04-24 19:39:48 (0768) 5 NNNN