Italian insurer Fondiaria-SAI Spa (FSA.MI) said late Monday its
1.1-billion-euro ($1.4 billion) capital increase has been
subscribed to by 78.43% of its shareholders as part of a planned
merger with Unipol Gruppo Finanziario SpA (UNI.MI).
In a separate statement, Unipol said late Monday its own EUR1.1
billion capital increase was 79.66% subscribed.
In two filings to the Italian stock exchange, FonSAI and Unipol
said the remaining 21.57% and 20.34% that were respectively
unsubscribed will be underwritten by the joint global coordinators
and bookrunners of the operations, as well as by co-lead managers,
including Mediobanca (MB.MI), Unicredit SpA (UCG.MI), Barclays Bank
(BCS), Credit Suisse Securities and Deutsche Bank AG (DB).
In a separate statement, Unicredit, which currently holds a 6.6%
stake in FonSAI, said it won't sell any FonSAI share for a period
of 120 days, as of Sep. 13.
Exchange Web Site: www.borsaitaliana.it
Write to Enza Tedesco at enza.tedesco@dowjones.com
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