Banca Fideuram, one of Italy’s largest private banks, could be de-listed from the Italian stock exchange, according to speculation in the It...

Banca Fideuram, one of Italy’s largest private banks, could be de-listed from the Italian stock exchange, according to speculation in the Italian press. In recent days the bank’s share price has risen sharply on speculation that its parent company, Sanpaolo-Imi, is planning to launch a full takeover with the eventual outcome a de-listing. Sanpaolo-Imi plans to float its insurance and asset management arm, Eurizon, which will significantly undermine Banca Fideuram, say local analysts. Meanwhile, Banca Fideuram is currently seeking a buyer of its French subsidiary, Banque Privee Fideuram Wargny. Euroland Finance, a Paris-based financial services firm, said recently that it has entered preliminary discussions to buy the bank. Banca Fideuram has more than $70 billion of AUMs and has witnessed satisfactory profit growth for a number of years.