Bloomberg News

FonSai Given 15 Days to Clear Up Ligresti Ties, Messaggero Says

June 16, 2012

Isvap, Italy’s insurance regulator, ordered Fondiaria-SAI SpA to provide more information within 15 days about 10 financial transactions involving the Ligresti family, its biggest investor, Il Messaggero reported, without saying where it got the information.

Isvap may appoint receivers to resolve the transactions with the Ligrestis, whose Premafin Finanziaria SpA (PF) holds more than 30 percent of Fondiaria, the newspaper said.

To contact the reporter on this story: Andrew Davis in Rome at abdavis@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net


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