Banco BPM to acquire a 66.67% stake in Anima.

Banco BPM, an Italian bank, agreed to acquire a 66.67% stake in Anima, an asset manager. Financial terms were not disclosed. "The offer entails, in fact, a further strengthening of the business model of Banco BPM Vita and, in a broader perspective, of the entire Banco BPM financial conglomerate; this will be able to obtain the benefits of achieving a more complete structure, where the proven potential of the distribution network will be complemented by that of the new integrated Life Insurance and Asset Management factory resulting from the transaction," Banco BPM.