Finance
Banco BPM Raises Takeover Offer for Asset Manager Anima
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Banco BPM SpA raised its bid for asset manager Anima Holding SpA, indicating that the Italy’s third-largest bank is determined to win over investors as it seeks to defend from the takeover attempt of UniCredit SpA.
The Italian lender boosted its offer to €7 from €6.20 per share, according to a statement on Wednesday. The bank said it also received commitments to the offer from Poste Italiane SpA and FSI for a combined holding of 21% of the firm, adding to the 22% owned by Banco BPM.