Bloomberg News

Premafin May Be Valued Around 100 Million Euros, Giornale Says

April 15, 2012

Advisers to Fondiaria-SAI SpA (FSA) and Unipol Gruppo Finanziario SpA (UNI) may value Premafin Finanziaria SpA (PF) within a range of 60 million euros ($78.5 million) to 120 million euros, il Giornale reported.

That may pave the way for “more generous” terms in the share exchange ratio of a broader merger plan involving the three, Giornale said, citing unidentified officials who attended a meeting of the companies.

Unipol, Italy’s No. 3 insurer, Premafin, Fondiaria and its unit Milano Assicurazioni SpA (MI) plan to merge to become Italy’s second-biggest insurer after Assicurazioni Generali SpA. (G)

To contact the reporter on this story: Nadine Skoczylas in Rome at nelsibai@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net


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