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Medioblanca prepared to sell Fondiaria and Unipol shares for merger OK

By  |  May 3, 2012

Mediobanca and Unipol have stated that they will do whatever it takes to get antitrust approval for the merger between Unipol and Fondiaria-SAI.

Italy’s antitrust authority had suspended the proposed merger, and it is concerned that the deal creating the nation’s second-largest insurer will strengthen ties between the merged entity and Mediobanca. Mediobanca is the leading shareholder of Italy’s largest insurer, Assicurazioni, Generali.

Mediobanca Chief Executive Alberto Nagel has said that the investment bank is prepared to freeze and sell its stakes in Fondiaria and Unipol stemming from the merger. Unipol, for its part, said it would consider selling one or more Fondiaria group brands for approval of the merger.

Full content: Reuters

 

Related content: Italy Overhauls its Merger Control Filing Fee System (Stefano Grassani, Pavia e Ansaldo)

 

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