A PYMNTS Company

Regulator puts the brakes on Unipol-Premafin insurance merger

By  |  April 26, 2012

The Italian antitrust authority has halted a merger between Unipol Gruppo Finanziaria and Premafin Finanziaria SpA Holding di Partecipazioni (the parent company of Fondiaria-SAI). The watchdog is probing the transaction to see if the merged entity will create a dominant position in the insurance market that will harm competition. The terms of the deal call for the eventual creation of a single insurance company of three insurers–Premafin, Fondiaria-SAI, and subsidiary Milano Assicurazioni–folded into Unipol.

    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: Fox Business

     

    Related content: Italy: Competition Law Regime and Policy, an Overview

     

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