Friday, November 11, 2016

Poste-Cdp-Soul, a vehicle to acquire Pioneer – Milano Finanza

Poste Italiane, the Cassa Depositi e Prestiti and the Soul Holding have signed a framework agreement to give life to a big player in Italy in the management of savings. This was announced last night Placed in an official statement, the Italian Stock exchange. The three groups, through a vehicle specifically established that Poste holds a majority of the capital has sent yesterday (deadline for presenting the proposals on the subsidiary of the Unicredit group ), a binding offer for the purchase of the Pioneer. Interested in the latter is also the French Amundi, part of the Crédit Agricole group.

In the context of the project, the post, give it in 2017 for the Soul Holding its Sgr Banco Posta Fondi, climbing as well in the participation in the Soul , today amounting to 10,32%, up to a maximum of 24.9%.

today, to open markets, Unicredit has published a note which specifies that, in relation to the items of the printing on the Pioneer and the eventual sale of other assets, confirmation that you have received a bid for Pioneer Investments, and to be in talks with potential buyers”.

he Adds, however, that, “to regard Pioneer Investments, there is no certainty that these negotiations will lead to any transaction or any certainty as regards the conditions under which such a transaction may proceed.”

Returning to the newco, this operation will be able to count, from the beginning, writes Post, on more than 147 billion of assets under management (as of September 30, 2016). "Today, in line with the objectives of the development of our industrial plan, we make a further important step in the sector of managed savings, with the ambition to create the u Italian player that using new skills even at the international level to strengthen its growth prospects in a sector strategic for the Country," said Francesco Caio, ceo of Poste.

"We are confident that this alliance could become a pole of excellence and transparency for savers and institutional investors, and create value for our shareholders," added the manager.

Marco Carreri, ceo of Anima Holding , it is certain that this new path represents “a first step in the project of creation of a player-even more important, that will generate further benefits for our customers and shareholders, enhancing the savings of Italian families".

"With the creation of a leading operator in Italy in the industry of asset management", is the comment of Fabio Gallia, ceo of Cdp, "we confirm the strategic importance of savings as a channel of input of private resources into the productive system of the Country as a support to the real economy. Considering the recent investment Placed in Both perspectives for the industry", he added Gaul, "captures the strategic value of the partnership with the group’s Cdp in the acceleration of the execution of the industrial plan”.

the Cdp holds 35% of the capital of Poste Italiane , and the latter is the owner of 10,32% of the share capital of Anima Holding .

LikeTweet

No comments:

Post a Comment