Banco BPM set to buy out Covéa from joint insurance venture
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Banco BPM set to buy out Covéa from joint insurance venture

Rachel Dalton
12 April 2022
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Milano, 2015 panoramic skyline with Italian Alps on Background

Italian lender Banco BPM is to exercise its option to buy out Covéa’s share of the pair’s joint venture insurance company Bipiemme Vita.

In a statement, Banco BPM said it was poised to buy Covéa’s 81% stake in life insurer Bipiemme Vita, which in turn owns the entire share capital of non-life carrier Bipiemme Assicurazioni.

Banco

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