While Unicredit pulls my breath on Banco BPMthe latter proceeds great steps on the project ofintegration with soulwhich for the bank led by Giuseppe Castagna has a very important value and aims to strengthen the institution in asset management and product factories. Today the clearance of the Bank of Italy is today to the offer.
Clearance in via Nazionale
Banco Bpm announced this morning that he had “obtained the nuloosta by the Bank of Italy In relation to the acquisition of indirect control participations in the Savings Management Companies controlled by soul, without prescriptions, conditions or limitations “. With the clearance of via Nazionale it is therefore considered “Come true” the condition of effectiveness to the offer.
The offer on Anima Rivista alla Rialzo
The offer, approved by the Assembly to a very large majority (97.6% of the votes), on February 28, had been launched in early November on the totality of the Anima shares and was aimed at delisting. The considerationwhich initially incorporated an 8.5% prize was 6.20 euros, but had been later raised at 7 euros.
Unicredit’s position
Just the opa on soul had convinced Unicredit to come forward with the OPS On Banco Bpm. On the occasion of the rise in the Opa price, the bank led by Andrea Orcel had specified that an increase in the price of the soul opa and the renunciation (in whole or in part) of the conditions of Opa could “determine the resolution or ineffectiveness of the offer” of Unicredit on Banco Bpm.
Meanwhile, according to the press reconstructions of the last few days, after the “Visit to Rome” by Andrea Orcel, to check the government’s support to the operation, now the bank it would be observing the evolution of the situation. According to the Messenger, the final decision on the BPM Banco offer will not arrive before mid -Juneeven if the assembly to approve the capital increase at the OPS service was brought forward to 27 March. And this because the outcome of the Opa on Soul are expected, the green light of the ECB and the results of the first quarter of Banco Bpm.
The evaluations of Banco BPM
Meanwhile, the market now assigns BPM to Banco Bpm a value of 1 billion higher than the initial concide proposed by Unicredit. The Banco Bpm actionsalso thanks to the rebound of the market, they have splashed at 9.958 euros per share, in rally of 6.14%. Also advance Unicredit, With a progress near to 7% to 53.12 euros. Calm Soul exchanging on the price of the opa at 6.965 euros (+0.5%).
