Share

Postponed the increase of Fonsai and Unipol: collapse on the Stock Exchange

The schedule envisaged the start on Monday 9 July but was subject to the release of the measure by today's morning - Fonsai has learned that the Commission "will not proceed on today's date" - It remains under verification, in agreement with the banks of the consortium in course of incorporation, the timing of execution of the increase – Debacle on the Stock Exchange

Postponed the increase of Fonsai and Unipol: collapse on the Stock Exchange

Postponed the increase of Fonsai and Unipol. Indeed, from Consob the approval measure has not arrived for the publication of the information prospectuses. The two companies reported this in a statement. The calendar  expected to start on Monday 9 July but was subject to the release, by today's morning, of the provision by Consob. Which certainly won't even arrive this afternoon.

The Commission, Fonsai learned, "will not issue the provision authorizing the publication of the information prospectus today" and, therefore, “today's resolution with which the Board of Directors defined the terms of the capital increase cannot be considered effective”. Thus, the updating of the timing of the execution of the capital increase remains in the verification phase, "in agreement with the banks of the guarantee consortium in the process of being set up".

It's a debacle on the stock market. Fondiaria and Milano were suspended due to excessive reductions, respectively -14% and -10%, Premafin sold 6,22% and Unipol 10,75%.

comments