Latest news with #AnimaHolding
Reuters
23-05-2025
- Business
- Reuters
UniCredit says it will appeal against Italy's conditions on Banco BPM bid
MILAN, May 23 (Reuters) - Italian bank UniCredit ( opens new tab said on Friday it would fight the conditions imposed by the government to clear its offer for rival Banco BPM ( opens new tab by filing an appeal to the administrative court of Rome's Lazio region. UniCredit said in a statement it would file the legal complaint "shortly". UniCredit also said it would support the European Commission's review of the use Italy has made of its "golden powers" to set demands for UniCredit's bid on the grounds of national security interests. The bank said it was waiving a provision in its offer that allowed it to walk away after Banco BPM completed the acquisition of fund manager Anima Holding ( opens new tab at a higher price than anticipated. BPM had bid for Anima just before UniCredit swooped, and it managed to secure shareholder approval and see the purchase through despite having become a takeover target. UniCredit retains rights in its bid that would still allow it to drop the offer, saying it was not in a position to decide whether its purchase could be finalised given the government's conditions.
Reuters
27-03-2025
- Business
- Reuters
Banco BPM intends to proceed with Anima deal, source says
MILAN, March 27 (Reuters) - Banco BPM ( opens new tab intends to proceed with its bid for fund manager Anima Holding ( opens new tab regardless of the regulators' stance on capital treatment, a source with knowledge of the matter said on Thursday. The European Central Bank has issued a negative opinion on Banco BPM's plan to use what is known as the 'Danish Compromise' to facilitate the deal, potentially making it more expensive.
Reuters
24-03-2025
- Business
- Reuters
Banco BPM's bid for Anima over 50% threshold, according to Reuters calculations
MILAN, March 24 (Reuters) - The take up for Banco BPM ( opens new tab's bid for Anima Holding ( opens new tab has potentially crossed the 50% threshold including the bank's own stake, according to Reuters calculations. The threshold was cleared after Italian businessman Francesco Gaetano Caltagirone agreed on Monday to tender his 5.8% stake n Anima to Banco's bid.
Reuters
05-02-2025
- Business
- Reuters
Italy's Anima reports 50% increase in 2024 profit
Feb 5(Reuters) - Italian asset manager Anima Holding ( opens new tab on Wednesday reported a 50% rise to 276.5 million euros ($287.86 million) in its 2024 adjusted consolidated net profit as acquisitions of new businesses pushed revenue higher. The group, which is the target of a 1.6 billion euros buyout offer from shareholder Banco BPM ( opens new tab, has proposed a dividend of 0.45 euro per share, up from the 0.25 euro per share it paid the previous year. ($1 = 0.9604 euros) ($1 = 0.9605 euros) Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
