Premafin Finanziaria Holding di Partecipazioni SpA (PF.MI), the
holding company of Fondiaria-SAi SpA (FSA.MI), or FonSAI, said
Thursday its board has decided to seek a stake between 0.98% and
1.66% in the company resulting from its merger with Unipol Gruppo
Finanziario SpA (UNI.MI), FonSAI, and Milano Assicurazioni SpA.
Earlier this year, Unipol announced its plans to merge with
FonSAI, Premafin and Milano Assicurazioni through a complex
operation that would see Unipol take part in a number of capital
increases.
The resulting company would become Italy's biggest insurer by
premiums after Assicurazioni Generali SpA (G.MI).
Citing people close to the operation, Italian news agency ANSA
said Thursday that following the merger, Unipol would have 61% of
the new entity, FonSAI would own 27.45% of it, Milano Assicurazioni
would hold a 10.7% stake, while Premafin would have a 0.85% holding
of the company.
Exchange Web Site: www.borsaitaliana.it
-By Enza Tedesco, Dow Jones Newswires,
enza.tedesco@dowjones.com