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UNI Unipol Gruppo SpA

11.72
-0.06 (-0.51%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unipol Gruppo SpA BIT:UNI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.06 -0.51% 11.72 11.60 11.88 11.82 11.51 11.63 6,286,454 17:00:00

FonSAI, Unipol Capital Increases 78.43%, 79.66% Subscribed

11/09/2012 1:24am

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Unipol Gruppo (BIT:UNI)
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Italian insurer Fondiaria-SAI Spa (FSA.MI) said late Monday its 1.1-billion-euro ($1.4 billion) capital increase has been subscribed to by 78.43% of its shareholders as part of a planned merger with Unipol Gruppo Finanziario SpA (UNI.MI).

In a separate statement, Unipol said late Monday its own EUR1.1 billion capital increase was 79.66% subscribed.

In two filings to the Italian stock exchange, FonSAI and Unipol said the remaining 21.57% and 20.34% that were respectively unsubscribed will be underwritten by the joint global coordinators and bookrunners of the operations, as well as by co-lead managers, including Mediobanca (MB.MI), Unicredit SpA (UCG.MI), Barclays Bank (BCS), Credit Suisse Securities and Deutsche Bank AG (DB).

In a separate statement, Unicredit, which currently holds a 6.6% stake in FonSAI, said it won't sell any FonSAI share for a period of 120 days, as of Sep. 13.

Exchange Web Site: www.borsaitaliana.it

Write to Enza Tedesco at enza.tedesco@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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