(Alliance News) - Banco BPM Spa is devising strategies to counter or slow down UniCredit Spa's takeover bid, focusing on a possible revival of its takeover bid for Anima Holding Spa, as Milano Finanza writes Tuesday.

Launched in November for EUR1.58 billion - EUR6.2 per share -, the offer saw Anima's stock rise above the offered price, fueling expectations of a rally. Legal sources indicate that a raise could be approved with a simple majority at the ordinary shareholders' meeting, simplifying the process.

In addition to this move, Banco BPM has filed complaints with the Antitrust Authority and Consob, describing UniCredit's OPS as an aggressive strategy to destabilize a competitor. Consob will monitor discussions between UniCredit and Crédit Agricole SA to ensure fairness to shareholders while the Golden Power Committee could intervene within 45 days with restrictions.

Extraordinary options, such as a merger with Banca Monte dei Paschi di Siena Spa, seem less likely, especially after the strengthening of Caltagirone and Delfin, which are oriented toward transactions with Generali Spa to counter Mediobanca Spa.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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