A PYMNTS Company

Italy: Insurer likely to make divesture following antitrust ruling

By  |  August 23, 2013

Italy-based insurer Unipol will soon divest its 3.8 percent stake in Mediobanca as part of an agreement with the nation’s antitrust regulator, sources said. The news was soon confirmed by a press release offered by Mediobanca on Friday. Unipol was required to divest the stake by the end of this year following its buyout of Fondiaria-SAI. Sources told reporters Unipol will likely remedy the competition concerns raised by the transaction by placing its Mediobanca stake up for sale rather than selling it to the remaining members of a shareholders agreement with the bank.

    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

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