Banco Bpm buys back the insurance joint venture to bring to the French as a dowry

MILANO – Banco Bpm buys back the joint venture Bpm Life from the French of Cove. A product factory which, despite the name, was until now 81% controlled by the insurance partner and only 19% by Piazza Meda. Which, with an outlay of 310 million (but 120 will return as extraordinary dividend detached from the company, upon completion) takes home the first piece of his bancassurance business.