A PYMNTS Company

Italy/Belgium: Insurance merger not a done deal

By  |  January 7, 2014

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.

    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.

    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

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