• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on March 24, 2025

    Featured image for article about Finance

    MILAN (Reuters) - Italy's Banco BPM has secured more than half of the capital of Anima Holding in its bid for the fund manager, Reuters calculations showed on Monday, thanks to the stake tendered by a leading Anima investor.

    Italian businessman Francesco Gaetano Caltagirone on Monday said he was taking up Banco BPM's bid and tendering his 5.8% holding in Anima.

    Considering Banco BPM's original 22% stake in the fund manager and commitments by other Anima investors, the take-up has now crossed the 50% threshold, Reuters calculations showed.

    The bid is conditional on Banco BPM acquiring at least two thirds of the asset manager. However, Banco BPM has reserved the right to waive that condition if it achieves at least 45% of Anima plus one share.

    Banco BPM's acquisition of Anima is a key plank of the Italian mid-sized bank's defence against a takeover proposal by bigger rival UniCredit.

    In an effort to thwart UniCredit's bid, Banco BPM has secured shareholder approval to raise to 7 euros ($7.8) the price of its offer for each Anima share, for an additional outlay of around 190 million euros.

    Banco BPM, whose CEO Giuseppe Castagna met with leading official in Prime Minister Giorgia Meloni's office in Rome on Monday, awaits this week a key communication from the European Central Bank on whether it can apply favourable bank capital rules to the Anima acquisition.

    Castagna has said Banco BPM is confident of being granted the more favourable treatment which is known as 'Danish Compromise.'

    Banco BPM had already secured commitments from other Anima investors, including postal services operator Poste Italiane and private equity fund FSI, for a total of 22.8% of Anima's capital. ($1 = 0.9270 euros)

    (Reporting by Andrea Mandala, writing by Alvise Armellini; Editing by Valentina Za)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe