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Anima says board deemed fair price of Banco BPM's buyout offer

Published by Global Banking & Finance Review

Posted on March 13, 2025

1 min read

· Last updated: January 24, 2026

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Anima says board deemed fair price of Banco BPM's buyout offer
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MILAN (Reuters) - Anima Holding said on Thursday its board had deemed as adequate the price of 7 euros a share proposed by its leading investor Banco BPM to buy out other shareholders in Italy's

Anima Board Approves Banco BPM's Buyout Offer at €7 per Share

MILAN (Reuters) - Anima Holding said on Thursday its board had deemed as adequate the price of 7 euros a share proposed by its leading investor Banco BPM to buy out other shareholders in Italy's biggest independent fund manager.

In an effort to fend off a hostile takeover bid by bigger rival UniCredit, Banco BPM has secured shareholder approval to raise the price of its own bid for Anima, to bring it in line with market prices and boost its chances of success.

(Reporting by Valentina Za; Editing by Chris Reese)

Key Takeaways

  • Anima's board approves Banco BPM's 7 euros per share offer.
  • Banco BPM seeks to prevent UniCredit's hostile takeover.
  • Shareholder approval allows Banco BPM to raise its bid.
  • Anima is Italy's largest independent fund manager.
  • The move aligns Banco BPM's offer with market prices.

Frequently Asked Questions

What price did Banco BPM propose for Anima's shares?
Banco BPM proposed a buyout price of 7 euros per share for Anima.
Why did Banco BPM raise its bid for Anima?
Banco BPM raised its bid to fend off a hostile takeover bid from bigger rival UniCredit and to align with market prices.
Who reported on the Anima and Banco BPM situation?
The article was reported by Valentina Za and edited by Chris Reese.

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