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BPER raises stake in Cassa di Risparmio di Saluzzo to 80%

on Oct. 4 completed its previously acquisition of a 48.98% stakein Cassa di Risparmio di SaluzzoSpA, having received the required regulatory approvals.

BPERupped its stake in the regional lender, which is based in the Piedmont regionin northeastern Italy, to 80% from 31.02%. The price for the acquisition fromthe Fondazione Cassa di Risparmio di Saluzzo was not disclosed.

Thepurchase is part of BPER's strategy to increase its shareholdings inPiedmont-based banks.