Italy's Asset Management Holding, the parent company of Anima SGR, is likely to float on the Borsa Italiana after directors in Milan approved the proposed initial public offering.
The final evaluation of the proposed listing is to be agreed and finalised in agreement with the company’s main shareholders.
Giuseppe Zadra, chairman of Asset Management Holding and Anima SGR, says: “The decision was made in light of the excellent results achieved by the group, also taking into account that the flotation, aimed at the company’s appreciation and development into a leading independent asset manager, has always been the primary objective of the strategic agreements between the shareholders.”
Anima has over €46 billion of assets under management (as at December 31, 2013).
The firm runs collective investment schemes, Sicav and alternative investment funds. The company also offers institutional and private pension funds, as well as private wealth and institutional asset management services.
Its main shareholders are private equity fund Clessidra, Banca Popolare di Milano and Banca Monte dei Paschi di Siena.
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