BPM Bank in the lead (+ 4.7%) in Fse Mib, expected on sale Npl

The title of the institute led by Giuseppe Castagna is about to close another session on the rise. Around 16.20, Banco BPM's shares gained 4.7% to 2.11 euros, putting it at the top of the Ftse Mib, which remains unchanged.
The recovery phase, which began on October 26, after reaching 1.55 euros, remains the lowest ever achieved by the creation of the group in January 2017. Since then, equities have recovered around 35%, while L & # 3939; Italian sector index only gained 7%.
At the same time, rumors about the proposed sale of EUR 8 billion non – performing loans, launched by Banco BPM and named Ace, are being finalized with the award. the best bidders.
According to the Messenger, there would be only two ropes in the race: one led by doBank and composed of Fortress and Unlimited and the other formed by Credito Fondiario and Elliott. Christofferson, Robb & company, Davidson Kempner and Prelios would be offside.
More details could appear tomorrow, when the board of Banco BPM should make its choices. The agreement with Credit Agricole on Agos Ducato with the sale of ProFamily and the distribution agreement of a ten year term are also on the table.