Popolare di Bari, go-ahead Fitd to rescue with 1.17 billion euros. Shareholders for 30 million shares


Green light from Fitd to the rescue and relaunch of Banca Popolare di Bari with an allocation of 1.17 billion euros, including the 364 already advanced while the Mcc, which will take control of the Bari institution, will participate with 430 million.The transaction involves the transformation of Popolare into spa and the capital increase which must be approved by the shareholders’ meeting on 30 June.
The Interbank Deposit Protection Fund (Fitd) which groups 151 Italian banks and which will pay 1.17 billion to save Banca Popolare di Bari, will make a number of shares worth 30 million euros.

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