French asset manager Amundi is interested in acquiring Italy’s Arca SGR, according to the local trade press. The French asset manager launched its IPO a month ago and raised €1.67bn. Amundi has already shown interest in the Italian market in the past, when it tried to buy Pioneer Investments from the UniCredit Group. However, the French manager […]
Italy’s asset management industry will be significantly affected by increasing M&A activity in the space of Popolari banks – local saving banks – says Anima SGR of its look ahead at possible scenarios in 2016. “We believe the Italian asset management sector may be subject to consolidation projects in 2016, also due to the effects of the reform [Law no. […]
Italy’s independent asset manager Anima Holding and US investment firm Atlas Merchant Capital are bidding for the acquisition of Arca SGR. A non-binding bid was presented by Anima Holding for 100% of Arca, valuing the rival at between €700-€800 an Anima official told Reuters. US investment firm Atlas Merchant Capital, launched by former Barclays boss Bob Diamond, instead values Arca at […]
Italy’s Banca Carige has sent out a note saying that it has started exclusive talks with Arca SGR for the acquisition of its asset manager, Carige SGR.
Marco Vicinanza, deputy general director at Arca in Italy has provided a July market update.
Dennis Marco Montagna, Arca’s American stocks responsible, says US equity market returns to be a positive one for investors
Marco Vicinanza, CIO at Arca SGR in Milan, explains the decision to outsource fund selection to Prometia.