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Italy's Anima names Goldman as adviser to assess Banco BPM bid

Published 11/08/2024, 01:04 PM
Updated 11/08/2024, 01:11 PM
© Reuters. FILE PHOTO: A view of headquarters of the Italian asset manager Anima Holding in Milan, Italy February 15, 2023. REUTERS/Valentina Za/File Photo
ANIM
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MILAN (Reuters) - Italian asset manager Anima said on Friday it appointed Goldman Sachs as financial adviser to assess an up to 1.6-billion-euro ($1.71 billion) buyout proposal from Banco BPM.

Italy's third-largest Banco BPM already owns 22% of Anima. Put forward earlier this week, the buyout offer, aimed at taking Anima private, is contingent on acquiring at least 67% of the fund manager.

Beside Goldman Sachs, Anima named law firm Gatti Pavesi Bianchi Ludovici as its legal adviser, the asset manager said in a statement after a board meeting.

© Reuters. FILE PHOTO: A view of headquarters of the Italian asset manager Anima Holding in Milan, Italy February 15, 2023. REUTERS/Valentina Za/File Photo

Additionally, independent directors will be assisted by financial adviser Vitale&Co. on financial matters and law firm A&O Shearman on legal matters, the statement said.

($1 = 0.9343 euros)

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