MILAN (Reuters) – Banco BPM intends to proceed with its bid for fund manager Anima Holding regardless of the regulators’ stance on capital treatment, a source with knowledge of the matter said on Thursday.
The European Central Bank has issued a negative opinion on Banco BPM’s plan to use what is known as the ‘Danish Compromise’ to facilitate the deal, potentially making it more expensive.
(Reporting by Andrea Mandala, writing by Keith Weir, editing by Gianluca Semeraro)
