ECB Against ‘Danish Compromise’ on Banco BPM-Anima Deal

Rome: The European Central Bank (ECB) has issued a negative opinion on the request made by Banco BPM to apply the so-called “Danish compromise” rules to its takeover of Anima Holding, well-informed sources said on Wednesday.

According to Ansa News Agency, the ECB’s opinion is non-binding as the European Banking Authority will have the final say on the issue, according to the sources.

Banco BPM, Italy’s third-largest lender, has bid for Anima through its insurance subsidiary BPM Vita.