ANIMA Advised By A&O Shearman In Public Tender Offer By Banco BPM

ANIMA advised by A&O Shearman in public tender offer by Banco BPM

The largest independent asset management group in Italy, ANIMA, has total assets under management of around EUR204 billion and over one million clients.

ANIMA Holding S.p.A. (the ‘Company’) and its independent directors were advised by A&O Shearman in relation to the voluntary public tender offer for all outstanding shares of the Company promoted by Banco BPM Vita S.p.A., a company controlled by Banco BPM S.p.A. that will begin on Monday, March 17, 2025.

Subject to certain conditions of effectiveness, the offer aims at delisting the Company. If the offer becomes effective in case the conditions of effectiveness are met or waived (as the case may be), the tendering shareholders will be paid a cash consideration of EUR7.00 (cum dividendo) for each tendered share in the voluntary tender offer for a possible maximum aggregate outlay of approximately EUR1.776 million by Banco BPM Vita S.p.A.

The largest independent asset management group in Italy, ANIMA, has total assets under management of around EUR204 billion and over one million clients. ANIMA creates and manages flexible, forward-looking investment solutions tailor-made for clients’ specific needs (institutional investors, companies, individuals). ANIMA Holding S.p.A. is the parent company which has been listed on the Milan Stock Exchange since 2014.

Emanuele Trucco, partner, reportedly said, "It is an honor to advise ANIMA, which I have accompanied since the time of its initial public offering, in this pivotal operation for the growth of the group."

The A&O Shearman team alongside Anima Holding S.p.A. whereas partner Emanuele Trucco led the independent advisors; with support from associates Greta Dell'Anna and Mara Cagnana; and trainee Gianfilippo Attanasio.