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Hogan Lovells advises Banca Progetto on its restructuring process
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Hogan Lovells advises Banca Progetto on its restructuring process
The transaction enabled the recapitalization of Banca Progetto through a €750 million capital increase fully subscribed by the Interbank Deposit Protection Fund (“FITD”), as well as the entry of BP Holding S.p.A. – a vehicle equally owned by Banca Monte dei Paschi di Siena, Banco BPM, BPER Banca, Intesa Sanpaolo, and UniCredit – into the bank’s share capital. Following the transaction, Banca Progetto is now approximately 90% owned by BP Holding …
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