Friday January 23, 06:56 PM
Italy's Pop Milano wraps up Anima buyout
MILAN, Jan 8 (Reuters) - Italy's Banca Popolare di Milano (Milan: PMI.MI - news) concluded its buyout of asset manager Anima SGR
(Milan: ANM.MI - news) on Friday, holding 91.52 percent of its shares, the cooperative bank said.
Pop Milano, which owned 29.9 percent of Anima before the offer, offered 1.45 euros per share, valuing it at about 107 million euros ($138.6 million).
Anima shares ended down 0.21 percent at 1.422 euros.
Pop Milano has said it will delist Anima when the buyout is completed and merge it with the bank's Bipiemme Gestioni unit as part of a reorganisation of its asset management activities.
(Reporting by Ian Simpson, editing by Will Waterman)
($1=.7719 Euro) Keywords: POPMILANO ANIMA
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