Banco BPM S.p.A. (BIT:BAMI) agreed to acquire Vera Vita S.p.A. and Vera Assicurazioni S.p.A. from Società Cattolica di Assicurazione S.p.A. on May 29, 2023. The transaction is expected to close during the last quarter of 2023, subject to the issuance of the prescribed legal authorizations by the competent Authorities.

Banco BPM S.p.A. (BIT:BAMI) completed the acquisition of Vera Vita S.p.A. and Vera Assicurazioni S.p.A. from Società Cattolica di Assicurazione S.p.A. on December 15, 2023. The transaction has received required legal approvals. In addition to consideration, a deferred price component, which is commensurate with 65% of the companies' accrued profits in the period from 1st January 2023 to 14 December 2023, is to be added. Carlo Pavesi, and Alessandro Cipriani of Gatti Pavesi Bianchi Studio Legale Associato acted as legal advisor to Banco BPM S.p.A. (BIT:BAMI). Francesco Gianni and Mattia Casarosa of Gianni & Origoni Law Firm acted as legal advisor to Genertel S.p.A. Bonelli Erede Pappalardo Studio Legale acted as legal advisor to Banco BPM S.p.A. (BIT:BAMI). Stefano Cacchi Pessani, Elisabetta Bellini, Enrico Vaccaro, Silvia Rometti, Michela Sandri and Francesca Lacava of PedersoliGattai acted as legal advisor to Crédit Agricole.