AXA Eyes Italian Peer Fondiaria-SAI - Report
January 31 2012 - 2:57AM
Dow Jones News
French insurer AXA SA (CS.FR) is evaluating the possibility of
buying either parts of Fondiaria-SAI SpA (FSA.MI), the Italian
insurer that has agreed to merge its operations with domestic peer
Unipol Gruppo Finanziario (UNI.MI), or launch a full takeover
offer, Italian daily La Stampa reports Tuesday, without citing
sources.
The Italian paper adds that AXA's evaluation of Fondiaria-SAI's
assets is at a very early stage, noting that a takeover operation
would be very difficult because of the Unipol merger.
Newspaper website: www.lastampa.it
-Milan Bureau, Dow Jones Newswires; +39 02 5821 9901
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