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BPER to become majority stakeholder of Cassa di Risparmio di Saluzzo

agreed to buy a 46.98% stake in forabout €35.3 million, taking its total shareholding in the lender to 78.00%.

Thedeal, which is subject to regulatory approvals, is part of BPER's strategy togrow its presence in Italy's Piedmont region.

Thebank added that the transaction will have only a minimal impact on its capitalratios.