Bloomberg News

Fondiaria to Pick Adviser, Study Capital Increase, Stampa Says

December 12, 2011

Dec. 10 (Bloomberg) -- Fondiaria-Sai SpA’s board will choose an adviser on Monday to help it study a plan for a possible capital increase requested by creditor Mediobanca SpA, La Stampa reported without saying where it got the information.

A final decision on whether to proceed with a recapitalization will likely be taken at a board meeting scheduled for Dec. 21, the newspaper said.

--Editor: Jon Menon

To contact the reporter on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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