Anima set to invest 25 million euros in Monte dei Paschi’s share sale-source

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Updated: Oct 12, 2022, 09:07 GMT+00:00

MILAN (Reuters) - Italian asset manager Anima Holding is set to invest 25 million euros ($24 million) in Monte dei Paschi di Siena's upcoming share issue, a person with knowledge of the matter said.

MILAN (Reuters) – Italian asset manager Anima Holding is set to invest 25 million euros ($24 million) in Monte dei Paschi di Siena’s upcoming share issue, a person with knowledge of the matter said.

The decision, which is yet to be approved by Anima’s board, comes after Monte dei Paschi stalled a proposal by its asset management partner to invest up to 200 million euros in the share issue as part of a strengthening of their commercial agreements.

($1 = 1.0295 euros)

(Reporting by Valentina Za; editing by Agnieszka Flak)

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