Banco BPM Società per Azioni (BIT:BAMI) is considering a sale of its asset manager Aletti Gestielle SGR S.p.A. as it seeks to optimize the Italian bank's assets, sources told Reuters. The sources said Aletti Gestielle is likely to pursue a combination with Anima Holding S.p.A (BIT:ANIM). Banco BPM has asked Barclays to kick off a general review of the business, a spokeswoman for the bank said, adding that this was not focused on any specific unit.

Formal negotiations have yet to kick off, they added. Anima Holding and Barclays declined to comment.Banco BPM Società per Azioni (BIT:BAMI) is considering a sale of its asset manager Aletti Gestielle SGR S.p.A. as it seeks to optimize the Italian bank's assets, sources told Reuters. The sources said Aletti Gestielle is likely to pursue a combination with Anima Holding S.p.A (BIT:ANIM).

Banco BPM has asked Barclays to kick off a general review of the business, a spokeswoman for the bank said, adding that this was not focused on any specific unit. Formal negotiations have yet to kick off, they added. Anima Holding and Barclays declined to comment.