AI assistant
Unipol — M&A Activity 2017
Nov 17, 2017
4405_rns_2017-11-17_978c7846-53ae-4089-bec1-e533d539548c.pdf
M&A Activity
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 0265-70-2017 |
Data/Ora Ricezione 17 Novembre 2017 12:21:25 |
MTA | |
|---|---|---|---|
| Societa' | : | UNIPOL | |
| Identificativo Informazione Regolamentata |
: | 96170 | |
| Nome utilizzatore | : | UNIPOLN08 - Giay | |
| Tipologia | : | 2.3 | |
| Data/Ora Ricezione | : | 17 Novembre 2017 12:21:25 | |
| Data/Ora Inizio Diffusione presunta |
: | 17 Novembre 2017 12:21:25 | |
| Oggetto | : | Press release Unipol Group: sold investments held in UniSalute and Linear |
|
| Testo del comunicato |
Vedi allegato.
STREAMLINING OF INSURANCE SECTOR: INVESTMENTS HELD IN UNISALUTE AND LINEAR SOLD TO UNIPOLSAI ASSICURAZIONI
Bologna, 17 November 2017
With reference to the streamlining project of the Unipol Group's insurance sector, as set out in the press release of 30 June this year, this is to announce that, after obtaining the approval of I.V.A.S.S. (Italian Institute for the Supervision of Insurance), on 16 November 2017 Unipol Gruppo S.p.A. finalised the sale of the investments held in UniSalute S.p.A. (representing 98.53% of the share capital) and in Compagnia Assicuratrice Linear S.p.A. (representing the entire share capital), to the subsidiary UnipolSai Assicurazioni S.p.A.
Unipol Gruppo S.p.A.
Unipol is one of the main insurance groups in Europe, with total premiums of roughly €14.8bn, of which €7.8bn in Non-Life and €7bn in Life (figures from 2016). Unipol adopts an integrated offer strategy and covers the entire range of insurance and financial products, operating primarily through the subsidiary UnipolSai Assicurazioni S.p.A., founded at the start of 2014 and a leader in Italy in the Non-Life business, particularly MV TPL. The Group is also active in direct MV insurance (Linear Assicurazioni), transport and aviation insurance (Siat), health insurance (UniSalute) and supplementary pensions, and maintains a presence in the bancassurance channel. Lastly, it also operates in the banking realm through the network of Unipol Banca branches and manages significant diversified assets in the real estate, hotel and agricultural (Tenute del Cerro) sectors. Unipol Gruppo S.p.A. is listed on the Italian Stock Exchange.