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Unipol chair hints that ING could be studying Popolare di Sondrio bid

Unipol Chairman Carlo Cimbri said on Friday a foreign bank was studying a potential bid for Popolare di Sondrio to rival the one unveiled by Italy's BPER Banca .
The article from MSN discusses a potential acquisition in the Italian banking sector. Caltagirone, the chairman of Unipol, hinted that ING, a Dutch banking group, might be considering a bid for Banca Popolare di Sondrio, an Italian cooperative bank. This speculation arises amidst a backdrop of consolidation in Italy's banking industry, where smaller banks are increasingly becoming targets for larger financial institutions looking to expand their market share. The interest from ING could be part of a broader strategy to strengthen its presence in Italy, especially following the trend where foreign banks are eyeing Italian banks for acquisition. However, no official statements or confirmations have been made by ING regarding this potential move.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/unipol-chair-hints-that-ing-could-be-studying-popolare-di-sondrio-bid/ar-AA1BRnIW ]