Italy’s Banca Sella to offer shares to its employees
In an unusual move for a bank which has always been owned by Sella family members, Banca Sella Group is to offer a 2.5% share in the business to employees.
It is understood that the deal would make half the 2.5% share available to current partners, and half to employees and retirees.
Shares will be sold at a rate of €4.32 each in tranches of 100.
It is understood that the reason behind the move is to increase employees’ involvement in the business. For this reason, the operation is exclusively aimed at Banca Sella’s partners and employees.