Banco BPM gets the green light from Bank of Italy for OPA on Anima
Press Hub UCapital
Share:
Banco BPM has received official approval from the Bank of Italy for its voluntary public offer (OPA) on Anima, one of Italy's leading independent asset management groups, which manages over €200 billion and serves more than one million clients. With this approval, Banco BPM is set to complete its acquisition of Anima without any conditions or restrictions from regulatory authorities.
The approval follows the shareholders' meeting of Banco BPM, which endorsed the offer with 97.6% approval, agreeing to a price of €7 per Anima share. This offer has received full support from Anima's main shareholder, Crédit Agricole, along with foundations and investment funds involved in the deal.
Immediately after the Bank of Italy's announcement, Banco BPM's shares saw a significant increase, rising by 2.8% to €9.636, while Anima's shares slightly increased to €6.945, close to the €7 per share offered by the bank.
This transaction represents an important strategic move for Banco BPM, aiming to strengthen its position in the asset management sector, one of the most crucial and profitable segments in the financial industry. The synergy between Banco BPM and Anima is expected to allow the bank to expand its portfolio of financial products, offering more solutions to clients and enhancing its competitiveness in the European market.
At this point, the acquisition plan is nearing its final stages. With Bank of Italy's approval, the operation will move forward with subsequent steps, aiming to conclude the acquisition in the coming months. The next steps will include launching the public offer and awaiting any additional approvals from the relevant supervisory authorities.
This acquisition is seen as a strategic move that consolidates Banco BPM's position in the Italian financial landscape, responding to growing competition in the asset management sector and a constantly evolving market.
The approval follows the shareholders' meeting of Banco BPM, which endorsed the offer with 97.6% approval, agreeing to a price of €7 per Anima share. This offer has received full support from Anima's main shareholder, Crédit Agricole, along with foundations and investment funds involved in the deal.
Immediately after the Bank of Italy's announcement, Banco BPM's shares saw a significant increase, rising by 2.8% to €9.636, while Anima's shares slightly increased to €6.945, close to the €7 per share offered by the bank.
This transaction represents an important strategic move for Banco BPM, aiming to strengthen its position in the asset management sector, one of the most crucial and profitable segments in the financial industry. The synergy between Banco BPM and Anima is expected to allow the bank to expand its portfolio of financial products, offering more solutions to clients and enhancing its competitiveness in the European market.
At this point, the acquisition plan is nearing its final stages. With Bank of Italy's approval, the operation will move forward with subsequent steps, aiming to conclude the acquisition in the coming months. The next steps will include launching the public offer and awaiting any additional approvals from the relevant supervisory authorities.
This acquisition is seen as a strategic move that consolidates Banco BPM's position in the Italian financial landscape, responding to growing competition in the asset management sector and a constantly evolving market.