ANIMA: Banco Bpm, ok from Ivass to Opa on Anima, gets all clearances to launch offer

Banco Bpm has obtained the clearance from Ivass and the EU Commission to the takeover bid launched through its insurance subsidiary Banco Bpm Vita on Anima Holding, thus completing the authorizations required for the transaction. This is said in a note from the institution, specifying that the green light from the Insurance Sector Supervisory Authority and the one from the EU Commission regarding the rules for foreign subsidies distorting the internal market (Fsr regulation) do not contain any requirements, conditions or limitations. "The relevant conditions of effectiveness to the offer are therefore considered fulfilled," Banco Bpm says. The bank had already received Bank of Italy, antitrust and 'Golden Power' approvals and, with the latest clearances, remains awaiting Consob's approval of the offer document, which is expected to arrive within five days, the note says. (Andrea Mandalà, editing Claudia Cristoferi) This is said in a note from the institution, specifying that the green light from the Insurance Sector Supervisory Authority and the one from the EU Commission regarding the rules for foreign subsidies distorting the internal market (Fsr regulation) do not contain any requirements, conditions or limitations. "The relevant conditions of effectiveness to the offer are therefore considered fulfilled," Banco Bpm says. The bank had already received Bank of Italy, antitrust and 'Golden Power' approvals and, with the latest clearances, remains awaiting Consob's approval of the offer document, which is expected to arrive within five days, the note says. (Andrea Mandalà, editing Claudia Cristoferi)