Deal Overview
A Milano Finanza report dated 17 June 2026 indicated that Banco BPM is evaluating a transaction with Amco that would split the operations of Milan‑based BFF Bank SpA. Under the proposed arrangement, Banco BPM would assume BFF’s custodian bank and payment services, while Amco would acquire the bank’s factoring business that serves public administration.
Current Status
The transaction remains in preliminary stages; no formal decision has been taken by either party. Banco BPM is also reported to be on standby concerning the Monte dei Paschi di Siena dossier while assessing the BFF deal.
Rationale and Potential Benefits
The split is presented as a possible solution to challenges BFF faces after regulatory interventions that compelled a revision of its 2025 financial statements and increased its capital absorption requirements.
Market Reaction
Following the report, BFF Bank shares rose approximately 10.74% on the day, reflecting investor optimism about the potential restructuring.