Premafin literally took flight today on the Stock Exchange on the multiplication of press rumors according to which the safety measures for the group now owned by the Ligresti family will also pass through the entry of new investors into the holding that controls FonSai and that it could thus obtain the means to subscribe to the capital increase of up to 750 million euros approved by the board of directors of the insurance company.
Around 12.10 Premafin is suspended due to excessive increases with a theoretical increase of 16,7% to 0,125 euro and sustained volumes. FonSai (+5,86%) and the subsidiary Milano Assicurazioni (+0,88%) also did well, while the price list gained less than half a percentage point.
Given that the struggling Ligresti family holdings, Sinergia and Imco, are unable to inject new resources into the financial company that controls FonSai, avoiding a substantial dilution of Premafin in the capital of the insurance company would be in the interest of Premafin's creditor banks, who would otherwise find themselves exposed to a company without substantial assets.
According to the newspaper MF, Mediobanca would have developed a plan which would already have the guarantee in principle of all the creditor banks to adhere to the agreement and would envisage a substantial recapitalization of Premafin by one or more subjects that would have already been identified by the investment bank. In pole position, MF continues, there would be the Clessidra fund but the availability of the Apax fund and the Luxembourg-based B&D Finance of the Boroli-Drago family would also have been collected.
