| MILAN, March 17
MILAN, March 17 Italy's Anima Holding, which
controls fund manager Anima SGR,
could be valued at up to 1.3 billion euros ($1.8 billion) after
an initial public offering of up to 55 percent of the company,
according to a report for investors by Banca IMI, one
of the joint global coordinator of the share sale.
The report, seen by Reuters, puts the equity value -
excluding debt - of Anima Holding at 1.057-1.306 billion euros.
Anima Holding started the pre-marketing of the IPO on Monday,
with a listing expected in April.
The fund Anima SGR is Italy's No.4 asset manager behind
Generali, Intesa Sanpaolo and UniCredit
. It had 47 billion euros of assets under management at
the end of 2013.
If the whole 55 percent stake is floated, private equity
fund Clessidra will sell around 24 percent of Anima through the
holding Lauro Quarantadue. Shareholder Banca Popolare di Milano
will sell 16 percent and Monte dei Paschi di Siena
10 percent, according to a source close to the matter.
Another 4 percent would be sold by Prima Holding, which
brings together some of Anima's shareholders and managers.
UBS, UniCredit and Goldman Sachs
are the other joint global coordinators of the offer.