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Anima Holding: the maneuvers between Mps, Poste and Bpm

Mps has closed the definitive agreement for the sale to Poste Italiane of its 10,3% in the capital of Anima - Bpm undertakes to sell about 2% if Consob deems that the parties to the shareholders' agreement on just over 27% are obliged at the takeover bid.

Anima Holding: the maneuvers between Mps, Poste and Bpm

Great maneuvers in the shareholding structure of the management company Anima Holding, which records two important changes. 

1) Ps has signed the definitive agreement for the sale to Poste Italiane of its 10,3% in the capital of Anima, all the conditions precedent set forth in the preliminary sale agreement having been met. This was communicated in a note by the Sienese bank, specifying that the operation will be completed by 30 June. 

2) bpm, shareholder of Anima with 16,8%, she got busy "to transfer to third parties that cannot be classified as related parties of Bpm and/or Poste, the overall shareholding exceeding” the 25% threshold under the shareholders' agreement signed with Montepaschi (or the 2,17%, being the pact signed on just over 27% of the management company). The sale must be carried out within one year of the sale of the MPS stake to Poste. Bpm also undertakes "not to exercise the voting rights pertaining to the total shareholding in excess of said threshold until the completion of the sale". However, commitments will automatically lapse if the Consob – which has been asked for an opinion – will consider that it does not exist the takeover bid obligation for members of the shareholders' agreement.  

In the wake of this news the stock on the Bpm Stock Exchange it gained 3,8% in mid-morning, to 1,02, achieving the best rise in the Ftse Mib and returning to its highest level since November 2011. Soul actions instead they gain 0,6%, to 8,22 euros, while those of Mps they rose by 2,77%, to 1,969 euros.     

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