Following Italian insurance giant UnipolSai’s recent merger with peer Fondiaria, reports say the company has not yet finalized a potential deal to sell off assets to a Belgium-based competitor, a move required by competition authorities for the initial merger.
The Italian deal lead to the nation’s second-largest insurance company; Italy’s antitrust authority ruled that Unipol must divest a unit with $2.3 billion worth of insurance premiums as part of the merger, however.
According to the Italian firm, the Belgian company made an offer to acquire the assets – but reports say it may not be sufficient.
Full Content: Reuters
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