Banco Popolare SC, the first Italian bank to seek state aid in the financial crisis, plans to buy the rest of Banca Italease SpA for about €179-million ($295-million), delist the bank and reorganize its business. Popolare will pay €1.5 a share for Italease, but it is conditional on Popolare reaching a 90-per-cent stake. Popolare owns 31 per cent of Italease. Popolare, Banca Popolare dell'Emilia Romagna Scrl, Banca Popolare di Sondrio Scrl and Banca Popolare di Milano Scrl will tender their Italease shares and help reorganize it into two businesses: one a "bad bank" holding non-performing loans and up to €5-billion in debt, and the other holding assets worth €5.9-billion, the banks said. BP (Milan) fell 25 euro cents to €2.21. BIL (Milan) rose 15 euro cents to €1.5.