Banca Profilo shares jump as biggest shareholder lays ground for possible takeover

MILAN (Reuters) - Shares in Italy's Banca Profilo surged more than 17% on Friday after the lender's majority shareholder announced plans to extract value from its 53.5% stake, laying the ground for a possible takeover.Sator Private Equity Fund's decision regarding its Profilo shareholding was "consistent with its investment policies and the imminent end of the fund's duration", Banca Profilo said in a statement. The bank did not specify Sator's plans, but 'extracting value' usually refers to..