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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Unipol Assicurazioni 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.17 | 1.35% | 12.76 | 12.60 | 12.79 | 12.79 | 12.61 | 12.64 | 1,815,012 | 02:01:09 |
From Jan 2020 to Jan 2025
By Giovanni Legorano
MILAN--The board of Unipol Gruppo Finanziario SpA (UNI.MI, UFGSY) approved late Thursday a capital increase of up to 1.1 billion euros ($1.39 billion) in a bid to find the cash needed to take over troubled insurer Fondiaria-SAI SpA (FSA.MI) and its related entities.
A later board meeting will decide on the exact amount of the capital increase, which will be completed by December 31, the company said in a statement.
Unipol agreed in January to a deal to rescue Fondiaria and create Italy's second-largest insurer after Assicurazioni Generali SpA (G.MI).
Under the merger deal--which involves four insurers--Unipol will take a 61% stake in the new business, Fondiaria-SAI will get 27.45%, Milano Assicurazioni SpA (MI.MI) will have 10.7% and Fondiaria SAI's and Milano Assicurazioni's parent, Premafin Finanziaria SpA Holding di Partecipazioni (PF.MI), will have 0.85%.
Write to Giovanni Legorano at giovanni.legorano@dowjones.com
1 Year Unipol Assicurazioni Chart |
1 Month Unipol Assicurazioni Chart |
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