A PYMNTS Company

Italy: Italy’s Fondiaria moves Mediobanca stake to escrow account

By  |  September 25, 2012

Debt-stricken Italian insurer Fondiaria-SAI’s bought a 3.9 percent stake in investment house Mediobanca and it might be a move to escrow account to comply with antitrust requirements for Fondiaria’s merger with Unipol. Italy’s antitrust authority said in June that its approval of the merger was conditional on Fondiaria selling its Mediobanca stake by the end of 2013 and the transfer was agreed as a measure to sterilize the stake’s voting power until a sale is completed.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related Content: Unipol-Fondiaria merger approved, with conditions (June)

    Related Content: Medioblanca prepared to sell Fondiaria and Unipol shares for merger (May)

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.