THEAntitrust gave the Green light for Banco Bpm's takeover bid on Anima Holding. The Milanese bank announced this in a note, specifying that it had received communication on Wednesday evening of theunconditional approval on the acquisition of control of Anima released by the AGCM.
Banco Bpm also underlined that “the condition of effectiveness indicated in paragraph 3.4” of the communication announcing the takeover bid “must be considered fulfilled, following the unconditional approval of the acquisition of control of Anima by the offeror, issued” by the Antitrust “and communicated yesterday evening” to Banco Bpm.
Banco Bpm's offer on Anima
The voluntary public takeover offer had been launched last November 6th through Banco Bpm Vita. The takeover bid concerns all the shares of Anima Holding, of which the bank led by Giuseppe Castagna already holds 22,8 percent. The price offered is € 6,20 per share, with a premium of 8,5% on the close on Wednesday 6 November and 25% on the average value of the stock over the last 6 months.
The takeover bid is aimed at obtaining the delisting of the asset manager from Euronext Milan, but the situation was subsequently complicated by the surprise announcement, last November 25, of theUnicredit's 10,1 billion euro takeover bid for Banco Bpm.
The operation is conditional on reaching at least the 66,67% of Anima's capital and to the confirmation of the possibility for Banco Bpm to apply the regulatory treatment of the Danish compromiseThe goal is to create a financial conglomerate that could become the second largest Italian banking group, with total assets from life insurance and managed savings of 220 billion, within total customer financial assets of 390 billion.
In addition to Banca Bpm, Anima's shareholder base now also includes Poste Italiane (11,95%), fsi (9,77%) and Range of Francesco Gaetano Caltagirone (3,5%).
