Palladio, Sator Extend Offer Deadline On Premafin
March 08 2012 - 6:43PM
Dow Jones News
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 Holding di
Partecipazioni SpA (PF.MI), the holding company of Fondiaria-SAi
SpA (FSA.MI), or FonSai.
They said the offer will stay in place until three days after
FonSai's shareholders' meeting on March 15, called to approve the
capital increase.
An offer to invest up to EUR450 million in Premafin through a
capital increase was launched jointly by the two funds in late
February and was due to expire Thursday.
Palladio and Sator also said that they're close to finishing the
guidelines of FonSai's industrial plan.
The two funds have a combined 8% stake in FonSai.
Exchange Web Site: www.borsaitaliana.it
-By Enza Tedesco, Dow Jones Newswires;
enza.tedesco@dowjones.com
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