Poste Italiane CEO says investment in Anima Holding is "no favour"

April 17, 2015 2:48 PM

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MILAN, April 17 (Reuters) - The Italian post office's purchase of a stake in Anima Holding from Monte dei Paschi di Siena was a strategic move and not designed to help the troubled Italian bank, its CEO said on Friday.

Poste Italiane, which the government is privatising, agreed on Wednesday to buy Monte dei Paschi's 10.3 percent stake in the asset manager in a 215 million euro ($231 million) deal that would lift the bank's core capital.

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