Other shareholders’ and bilateral agreements, also entered into on 18 July 2005, govern the acquisition and sale of BNL shares by the parties thereto. The agreement with Crédit Suisse First Boston International also outlines joint business and financial plans. On 4 August the UNIPOL insurance group submitted its formal request to the Bank of Italy for authorization to acquire control of BNL.
As UNIPOL specified, the aim of the transaction is to create a highly integrated banking and insurance conglomerate of uniquely large size in the Italian financial market.