Banco BPM Vita S.p.A. proposed to acquire an 77.62% stake in Anima Holding SpA (BIT:ANIM) from Poste Italiane S.p.A. (BIT:PST), FSI SGR S.p.A., Gamma S.r.l. and others for ?1.49 billion on November 6, 2024. A cash consideration valued at ?6.2 per share will be paid by Banco BPM Vita S.p.A. The transaction was financed in all cash, to be financed by BBPM with an equity injection into BBPM Vita.

The completion of the Transaction is expected, subject to satisfaction (or waiver, if applicable) of the relevant conditions (including those related to the obtaining of regulatory authorizations) within the first half of 2025, Minimum acceptance level of the Offer resulting in a stake of BBPM group of at least 66.67%, and the end of the tender offer period and settlement of the Offer by Mid 2025. The Boards of Directors of Banco BPM and of Banco BPM Vita unanimously approved the transaction.

Citigroup Global Markets Europe AG acted as financial advisor for Banco BPM Vita S.p.A. Lazard S.r.l. acted as financial advisor for Banco BPM Vita S.p.A. Legance - Avvocati Associati acted as legal advisor for Banco BPM Vita S.p.A.