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Italy: Insurer may be close to selling assets, winning merger deal

By  |  November 15, 2012

In the wake of Italy’s competition authority’s ruling that Unipol insurance company must sell some of its assets to merge with Fondiaria-SAI, Unipol has announced it has several potential buyers of the assets. Among the potential deal-makers are the French AZA SA, the German Allianz SE, and the Swiss Zurich Insurance Group. If the assets are sold and the deal goes through, the merger will create the second-largest insurer in Italy. Unipol must sell assets worth about $2.16 billion.

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