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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.13 | -1.14% | 11.24 | 11.24 | 11.25 | 11.35 | 11.23 | 11.35 | 186,075 | 08:35:35 |
From Nov 2019 to Nov 2024
DOW JONES NEWSWIRES
Italian investment funds Palladio Finanziaria SpA and Sator Capital Ltd. said late Thursday they have extended the deadline of their investment offer in Premafin Finanziaria SpA Holding di Partecipazioni (PF.MI), the holding company of Fondiaria-SAI SpA (FSA.MI), or FonSai, until April 30.
The decision was made to allow Premafin's management to assess the guidelines of the industrial plan the two funds have outlined for FonSai, according to a joint filing sent to the Italian stock exchange.
An offer to invest up to EUR450 million ($594 million) in Premafin through a capital increase was launched jointly by the two funds, which have a combined 8% stake in FonSai, in late February and was due to expire this week.
Meanwhile, Premafin is bound by an exclusivity agreement with Unipol Gruppo Finanziaria SpA (UNI.MI, UFGSY) until July. Italy's Unipol Monday won shareholder approval to raise EUR1.1 billion to fund its proposed takeover of FonSai in a complex operation to create the country's biggest insurer after Assicurazioni Generali SpA (G.MI).
Exchange website: www.borsaitaliana.it
-By Enza Tedesco, Dow Jones Newswires; enza.tedesco@dowjones.com
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