Bloomberg News

Fondiaria-SAI to Sell New Shares at 1.5 Euros in Capital Hike

June 23, 2011

June 23 (Bloomberg) -- Insurer Fondiaria-SAI SpA approved final conditions for its planned capital increase, according to a statement distributed by the Italian exchange.

Fondiaria will sell new ordinary shares at 1.5 euros and 1 euro for saving shares.

Investors have an option to buy two new shares for every one they hold.

Fondiaria shares fell 4.22 percent to 4.45 euros yesterday.

To contact the editor responsible for this story: Tommaso Ebhardt at tebhardt@bloomberg.net


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