Anima continues to float above the price of the public purchase offer (OPA) launched by Banco Bpm at the beginning of November, prompting operators to ask themselves many questions. The stock recorded an increase of 0,24% during the morning, reaching 6,3 euros, a level higher than the 6,2 euros proposed by Giuseppe Castagna.
Soul in the crosshairs: between the relaunch of Banco Bpm and the shadow of Unicredit
In the trading rooms, there are questions about who is buying the shares and for what reason. Banco Bpm could relaunch upwards, as the market has thought from the very beginning. On the other hand, the offer retouching It is not easy or fast at all. After Unicredit launched a takeover bid on Banco Bpm, the CEO Giuseppe Chestnut ha hands tied and could improve the proposal on Anima only by convening aextraordinary assembly that approves the operation. Perhaps some investors have armed themselves with patience and are counting on the long wait. Or perhaps they are starting to think about the fact that Soul can become the object of contention of the tangled chess game that is being played between Banco Bpm, Mps and Unicredit. In recent days, in fact, many have been speculating that Soul is the real target by Andrea Orcel, number one of Unicredit. In fact, in a scenario of falling interest rates and therefore tighter bank margins, institutions can find gains with the managed savings.
Unicredit sold its Pioneer to Amundi in 2017 and covers the management of its customers' savings with a commercial contract signed with Amundi itself, which will expire in 2027. The government, however, will want to have its say on the matter, since it has a say in the matter: Poste holds 10,32% of the capital of the SGR and the Italian Strategic Fund 9% and their influence is far from marginal.
Of course if the Anima stock price remained above that of the Opa proposed by Banco Bpm, it would be likely that the operation does not go well, making an already complex situation between Unicredit, Banco Bpm and also Mps even more complicated. It should be remembered that Anima not only owes its origins to the Sienese institute, but is also closely tied to the bank since 12% of its retail collection is provided by the network of branches of Ps.
