Nothing but negotiation

 
The Gap Partnership

Unipol and Fondiaria group reveal four-way merger

A four-way merger between the Fondiaria group and Unipol has been announced.

16 January 2012

Merger and acquisition advisors may soon be utilised by Italian insurance firm Unipol, as it has agreed upon a four-way merger with Fondiaria-SIA, a peer group that is facing difficulty.

This is according to Reuters, which claimed this would involve increases of capital for Unipol, Premafin and Fondaria-SIA that could reach higher than €2 billion (£1.65 billion).

It would also create one of the leading insurance groups in the country, while providing creditor banks with succor.

If it agrees upon the deal, which would involve Unipol purchasing 51.3 per cent of Permafin for €76.9 million at a 26 per cent premium, the company would control 32 per cent of all Italian non-life insurance and ten per cent of its life insurance, analysts from Mediobanca stated in a research note.

However, this merger will not involve the sale of Unipol's banking group, chief executive of the firm said in an interview with Italy's Milano Finanza newspaper.

Posted by Edel Quinn

Source: Reuters, January 13th 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more