The number of suspects in the investigation relating to the merger by incorporation of Unipol, Premafin and Milano Assicurazioni into Fondiaria Sai rises to ten, which in 2013 led to the creation of UnipolSai. The charge of the Turin prosecutor's office is that of alteration…
The prosecutor wants 2 years and 8 months in prison for the auditors of the insurance group at the time of the negotiations with Unipol
From Fonsai to Mps: since 2009 there have been 23 hyperdilutive increases, a quarter of the total - After various analyzes, Consob launches a new consultation (it closes on 30 September) and re-proposes the solution already identified in 2010 but…
This was decided by the investigating judge of Milan, Elisabetta Mayer, ordering the indictment for corruption for the engineer from Paternò and for the former number one of Isvap, the supervisory authority of the insurance sector.
This was established on 30 January by the Court of Turin, recognizing Fidia (Italian Federation of Insurance Company Executives) the legitimacy to intervene as a civil party in the proceedings: it is the first time that a trade union has filed a civil party in this…
The share of the new maxi-insurance pole, which made its debut on the Stock Exchange yesterday, marks a sharp decline of 3,5% to 2,364 euros, after the opening rally this morning.
After yesterday's timid closing, UnipolSai's first day of listing, the stock today runs on the Stock Exchange and records +2% in mid-morning - The statements made by the CEO Carlo Cimbri, which anticipates…
Telefonica does not comment on the rumors about the moves on Tim Brazil and denies being behind a group that wants to make an offer to Telecom Italia for the South American asset but the market awaits news - Piazza Affari opens positively: the spotlights are on…
Telefonica's truth on Tim Brazil takes center stage - Waiting for the Fiat show in Detroit - Mps: Guzzetti has the floor - UnipolSai makes its debut and Eni's buyback is on the way - Cir anticipates the debt…
La Befana brings UnipolSai, the share of the company born from the merger by incorporation into Fonsai of Unipol Assicurazioni, Premafin and Milan, which debuts in Piazza Affari on 6 January - It is not a real freshman because…
Premafin is doing badly with -2,67%, after the merger deed, stipulated on 31 December, to incorporate Unipol, Milano Assicurazioni and Premafin into Fondiaria-Sai - Next 6 January, as a result of the merger, three different types of shares…
The extraordinary performance (+16,4%) of Fiat after the agreement on Chrysler, which also pleases analysts, saves the Italian Stock Exchange which is the only one to close the first session of the year almost in parity (-0,2%) 'year - The other European and US price lists prevail…
In the last session of 2013, the Italian Stock Exchange nearly reached 19 points and closed slightly higher - The Yoox freshman is already the queen of Piazza Affari - Fondiaria-Sai collapses - Monte dei Paschi on the roller coaster but ends up in positive territory…
Fifth session on the rise for European lists: the Dax even reaches a new historical record - Piazza Affari also did very well (+1,39%) - The protagonists of the day were the titles of the Fonsai-Unipol galaxy, after the go-ahead for the merger …
Consob has released the definitive go-ahead for the merger between Unipol, Fonsai, Premafin and Milan, which will lead to the creation of the UnipolSai maxi-insurance hub - On 19 December, the Bolognese company received an offer for the assets…
Only 49,3% of the capital was present at today's meeting, so there was no quorum to resolve - MPS shares very volatile on the stock exchange - Piazza Affari is positive: Fondiaria Sai shines after Consob's latest go-ahead for the merger…
2013 will be remembered as a year of great satisfaction, at least for the Stock Exchanges: Wall Street exceeded its historical record (+29% for S&P), the Nikkei gained 57% in 12 months, Europe 17% and Milan 9%…
The Milan prosecutor's office has concluded the investigation into the purchase of shares in the company through which the Ligrestis controlled Fondiaria-Sai - For the accusation of market manipulation aimed at keeping the price of the securities high - The transactions carried out through two…
The Stock Exchange Control Commission imposed the highest fine in history, equal to 3,7 million, against the mayors of Fondiaria Sai and Milano Assicurazioni for behavior in violation of article 49, paragraph 1 of the TUF.
Stable prospects only for the non-life business, but in general the sector, according to the agency, presents a significant risk of concentration in sovereign bonds and the quality of their assets depends, to a large extent, on the quality of sovereign credit…
The words of the future president of the Fed who postpones the tapering invigorate the markets and, after a day in decline, also Piazza Affari closes just above parity - Exploits of Fondiaria and good performances of Wdf, Ansaldo Sts, Gtech…
The Turin insurance group recorded a net profit of 323,9 million in the first nine months of the year, after the loss of 1,1 million in the same period of 2012 - The good financial results give wings to the title, jersey…
The prosecutors of Milan filed the closing act of their investigation into Salvatore Ligresti and the former president of Isvap Giancarlo Giannini, accused of complicity in corruption - Giannini is also accused of having slandered Ligresti, to conceal the fact of…
The Turin prosecutor's office gave a favorable opinion on the request for a three-year and four-month plea bargain presented by the lawyers of Jonella Ligresti, who has been in prison since last July as part of the investigation into Fonsai.
The savings shareholders of Milano Assicurazioni have approved the integration project with Unipol, Fonsai and Premafin - UnipolSai will be the second insurance company in Italy after Generali and the first in the Non-Life sector.
Monday will close the marathon of five meetings necessary for the creation of an insurance group: the first in Italy in non-life, the fifth in life - Cimbri: "Concentrate on the core business, abandoning diversifications and adventures" - From integration, overall synergies to 2015…
The Guardia di Finanza announced that the new name entered in the register of suspects is that of Fulvio Gismondi, the actuary in charge of the company who allegedly participated in the falsification of the 2010 financial statements of Fondiaria Sai.
They would have concealed a 600 million euro hole in the 2010 budget - Thus the number of subjects involved in the case rises to 20, between natural persons and companies.
As part of the Fonsai investigation, the Turin judges are asking for immediate judgment for Salvatore Ligresti and his daughter Jonella and for the former managers of Fondiaria Sai Fausto Marchionni, Antonio Talarico and Emanuele Erbetta - They were all arrested with…
Salvatore Ligresti's daughter allegedly admitted her responsibilities in the investigation into the past management of Fondiaria Sai - She was accused of false accounting and market manipulation - The plea bargain: 2 years and 8 months in prison, 20 thousand euros in…
The shares of Generali, Fondiaria Sai, Unipol and Milano Assicurazioni do well in Piazza Affari - With the IMU decree, the Government has drastically cut the tax deductibility of life and accident policies: the ceiling goes from the current 1.291,14 euros to…
The disputes at stake against the Ligresti management could cost Unipol very dearly: up to €87,8m in the event of a conviction on the failed takeover bid for Fondiaria by Sai, Premafin and Mediobanca - In February…
A climate of prudence awaiting the publication of the minutes of the latest meeting of the Federal Reserve - Piazza Affari closed 0,72% down, after London the worst performance in Europe - The American real estate market sent positive signals but…
Giulia Maria Ligresti has asked to leave the Fondiaria Sai investigation, for which she was arrested and imprisoned in the Vercelli prison, negotiating a prison sentence.
The Guardia di Finanza is carrying out a preventive seizure of assets for over 250 million euros attributable to the Ligresti family - After the news, the Fondiaria-Sai share lost 0,8% on the stock market to 1,615 euros per share.
The precautionary custody order in prison and under house arrest for the four suspects in the Fonsai investigation has been confirmed. The Court of Review of Turin rejected the requests of the lawyers of Salvatore Ligresti, Antonio Talarico, Jonella Ligresti and Emanuele Erbetta.
The winds of recovery coming from European and American industry, the new records on Wall Street and the expansive monetary policy of the ECB give great impetus to the Stock Exchanges - Piazza Affari, driven by banks and Fiat Industrial, scores…
In the first Fonsai assembly after Ligresti, new liability actions were promoted almost unanimously against Don Salvatore for the huge damages caused to the insurance group
In addition to Salvatore Ligresti and his two children Giulia Maria and Jonella, the former vice president Antonio Talarico and the former CEO Fausto Marchionni are also in the crosshairs - When Ligresti's third son, Gioacchino Paolo, "was not done…
In the middle of the day, Piazza Affari gains more than the other European stock exchanges (+0,68%), while the Spanish auction brings down the fever on BTPs - The yield on the Italian ten-year bond falls to 4,48% - MPS meeting underway: green light from the Foundation to abolish…
The legal proceedings turn the spotlight on the shares of the two companies, up for the second consecutive day after the conviction of Tronchetti Provera for receiving stolen goods in the Kroll case and the arrest of the entire Ligresti family for false accounting and market manipulation.
Thus the empire of the Engineer from Paternò wanes, but the effect of the arrests on the stock market discounts the possibility that now for the group's properties the arrangement with creditors will become closer - After an opening in negative territory, Fonsai puts the turbo on …
The Ligresti affair weighs only initially on Piazza Affari: Fondiaria-Sai, after a negative start, is even among the best stocks: +1,97%, and Unipol does even better (+2,51%) - Negative price lists throughout Europe within hours of hearing Bernanke -…
"A disturbing cross-section emerges: an instrumental use of a company like Fonsai, bent on the interest of a part of the shareholder base. The effect was a loss of credibility and the betrayal of small shareholders": said the deputy prosecutor of Turin Victor Nessi,…
The sales on Fonsai at the beginning of the session had come after the news of the arrest of the entire Ligresti family had spread - Unipol also did well, gaining about two and a half points in the same minutes.
As soon as the news of the provision requested by the Turin prosecutor's office spread, the stock took the downward path to -2%, only to settle down around -1% in mid-morning, at 1,354 euros per share.
Salvatore, under house arrest, and his three children Giulia, Jonella and Paolo: the entire Ligresti family ended up in handcuffs this morning following the developments of the Fonsai investigation, which sees the accusation of false accounting aggravated for serious damage to the market and manipulation …
The group chaired by Pierluigi Stefanini renounces its appeal to the Tar against the measures imposed by the Antitrust to protect against competition in the context of the merger with Fonsai - Both Unipol and Fondiaria Sai fall back on the Stock Exchange.
Salvatore Rossi, president of IVASS, talks about the major Italian insurance groups in his report to the Bank of Italy: "We are closely following the merger between Unipol and Fonsai. We are assessing whether the company meets the prudential requirements" - On Generali: " We verify that…
In the wake of the interest of a Warren Buffett fund for the assets that Unipol-Fondiaria-Sai is forced to sell for the Antitrust, the Florentine company flies to Piazza Affari - Finmeccanica also goes up pending possible sales (see Avio Spazio ) - But…
According to some rumors, the American financier's Berkishire Hathaway is in the running for the assets that the UnipolSai group has put up for sale - The subject of interest would be the subsidiary Milano Assicurazioni plus other assets - In the list of possible buyers…
The new crime hypotheses refer to the group's consolidated financial statements for 2010, in which, also according to Isvap, a hole in the claims reserves of at least 600 million euro was hidden from the market.
Allianz, Aviva, Zurich and Cattolica could come forward to acquire the assets - In all, between 10 and 15 are in contention, including various private equity funds - The assets being sold represent a total of 1,7 billion…
Sixth consecutive increase for Piazza Affari (+0,5%) after the words of European Commissioner Olli Rehn who envisage a reduction in austerity for certain countries - Letta's progress in the formation of the Government and the…
The 2012 financial statements of the insurance group were mainly devaluated by the write-downs of 724 million euros - Premium collection down, solvency margin weak - Shares in Piazza Affari down.
Tomorrow the shareholders' meetings of six subsidiaries of Fonsai and Milano Assicurazioni will meet, damaged by the operations and consultancy from which the Ligresti and their companies have benefited: the first green light is expected for liability and compensation actions against…
Among the operations in the crosshairs are consultancy and contracts for services entered into by the group with companies attributable to the Ligresti family, which would have resulted in the outflow of tens of millions of euros from Fonsai's coffers - House searches are also underway.
The financial scandals that erupted in 2007/08, in the supreme phase of the pre-crisis euphoria, are taking center stage in Europe and in the USA - The prosecution's indictment arrives on the Monte Paschi front - In the USA, the federal Department of Justice cause to Standard…
The thorniest knot are the 2.200 redundancies envisaged in the corporate restructuring plan - The unions speak of "evaded guarantees" and convene assemblies in the workplace - We are moving towards mobilisation.
The supervisory authority judged the financial statements of Premafin, FonSai, Milano Assicurazioni and Unipol to be non-compliant with the accounting principles - Unipol assures: "No effect on the determination of the share swap ratios".
Unipol's BoD today approved the joint business plan with Fonsai - The boards of the Bolognese company, Premafin, Fonsai, and Milano Assicurazioni confirmed the June swaps - Galli of assogestioni abstains in the independent committee…
This morning the engineer was heard in the prosecutor's office in Milan for two hours on several issues related to the ongoing investigations - Fonsai: searches in the offices of Milan, Turin, Bari and Naples by the Gdf - Alleged tampering is being sought...
Possible agreement restricting competition in the local public transport sector - The Authority is examining 45 tenders called by eight local public transport companies, of which 35 were deserted and 10 had the only offer that…
Today's meeting also decided to cut the salaries of board members - Outgoing chairman Rucellai: "historic operation".
The accusation is of false accounting in relation to the Unipol-Fonsai affair - At this moment the Gdf is searching the Isvap headquarters - The three Ligresti brothers are also among the suspects.
The CEO of Unipol Carlo Cimbri anticipated that at the end of the merger the new group will be called Unipol-Sai - Meanwhile, the new financial scenario allows us to look with far more benevolent eyes at the "creature" born in the Mediobanca clinic: they rise…
The banks in the consortium guaranteeing the capital increase managed to sell the entire amount of unopted Fonsai ordinary shares (21,57%), paving the way for the merger with the Unipol group - Possible conversion of category B savings into …
In June, the insurance supervisory institute had found serious irregularities in the management of the company over the past years - Some payments to members of the Ligresti family had also been targeted - The guarantee authority deemed insufficient…
The market absorbed a total of almost 80% of the 2,2 billion required for the capital increase of the two companies - The guarantee consortium institutes still have to subscribe Fonsai bonds for 198 million and Unipol for another 260…
Eve of a trio of fire: the Dutch vote and tomorrow's Constitutional Court ruling and above all Thursday's Fed decisions on stimulus to the American economy - Piazza Affari is off to a bad start - The public absence in China is worrying…
Today's amount adds up to the rights placed in the first two days, reaching 3,44 million, out of a total available of approximately 5,73 million - 4,5 million rights relating to preferred Unipols also placed - The auction ends ends on Friday.
The markets are waiting for the ECB's move on Thursday on the purchase of Spanish and Italian bonds - Milan uncertain at the start - Great maneuvers by eurozone diplomacy: tomorrow Hollande in Rome - Meanwhile gold is consolidating: +4,5 .XNUMX% in the last month -…
The total is 660 million euros and what will not be subscribed will go to the banks of the guarantee consortia, led by Mediobanca and Unicredit and also made up of Credit Suisse, Deutsche Bank, Ubs, Nomura and Barclays -…
The Biscione continues its August race, on the hypothesis of institutional purchases - Fondiaria Sai is also in the running: the consortium's second placement will start in ten days - Piazza Affari and Madrid remain the liveliest lists...
An injection of confidence in the Bologna-based insurance company thanks to the good half-year results, with doubled profits, and the commitment of CEO Cimbri to work to make the mega Unipol-Fonsai group operational by January.
The company ended the first half with profits up 112,3% on an annual basis, to €121m - Standard & Poor's however downgraded Unipol Gruppo Finanziario's rating from BBB- to BB+ and that…
The fund raises Unipol's share capital at the end of July - Norges Bank at 2% of Milan - Awaiting the entry of new shareholders in the unopted auction which is postponed to the end of August - Cimbri: "It's time to roll up our sleeves …
The banks of the guarantee consortium headed by Mediobanca have decided to postpone the date so as not to overlap the operation with the August holidays.
The request for intervention by the antispread shield has not yet left Madrid - But the stock exchanges (even Piazza Affari, back to the levels of the end of April) take it for granted that the letter will soon be delivered to Brussels - Positive stimuli…
The positive trend continues this morning in Asia and Milan too turns positive immediately - Usa, the downgrade of S&P a year ago did good for bonds and shares - Another postponement for Fonsai/Unipol: only today the…
From Ligresti, to Geronzi, up to Perissinotto: the CEO of Mediobanca, Alberto Nagel, has it all in a sensational interview with Repubblica - "We are the ones who blew up the good salons", he says about Geronzi - Ligresti? "We have it…
The banks of the consortium guaranteeing the capital increases of Unipol and Fonsai are deciding today when to launch the offer of the unexercised rights of the stock on the Stock Exchange, which is maintained in Piazza Affari at around a price of 0,95 euro…
Even the oriental lists allow themselves a day of glory, in the wake of the roaring closing on Friday of the European ones and of Wall Street - But the slowdown in GDP weighs on Milan: the data for the second quarter is expected tomorrow -…
The group sells more than 2% on the Stock Exchange - The unopted high weighs - Another judicial tile from the Turin Public Prosecutor's Office investigating false accounting - In Milan, Bollorè will also be lighthouse: it would have been included in the investigation
The Fonsai match and the investigation into the "mystery" of the agreement with Ligresti risk costing the CEO of Mediobanca, Alberto Nagel dearly: both in terms of image and because it opens up unprecedented scenarios for the tormented merger between Fondiaria and Unipol …
The ECB president illustrates the moves to save the euro - The markets are waiting for strong signals - Meanwhile the Fed postpones stimulus to the American economy and Monti tries to convince Spain to ask for aid - The Nagel case dominates…
The CEO of Mediobanca is heard by the Public Prosecutor Orsi as a suspect in collaboration with Salvatore Ligresti - Ligresti is under investigation for market manipulation and obstacle to the supervisory authority - Interrogation underway for over three hours
Finally some light on Italy - The stock market closes up by 1,17% despite the slowdown in US home sales - The spread falls to 518bp - Euro stronger against the dollar - Oil down - Weighing…
The spread frightens immediately at 545 but then falls and Piazza Affari recovers - New stimulus to the economy from Bernanke and a forthcoming move by the ECB are expected on the 31st - The epicenter of the crisis remains the eurozone - Bpm plan with 3 thousand…
Palladio, the Venetian merchant bank of Meneguzzo and Drago, communicated today to Consob that it had sold a package of shares equal to 5% of Fonsai's capital. Palladio's move is the consequence of the conclusion of the tough battle…
The company's board of directors gives the green light to the capital increase with which Unipol rises to 81% and takes control of the Fonsai group: very high volatility of shares on the Stock Exchange - Strong tension on the European markets in view of the Eurogroup but yes…
Green light for execution of the €400m capital increase reserved for Unipol as part of the four-way merger plan with Fonsai and Milano Assicurazioni.
Cold shower on the markets after Bernanke's speech who acknowledges the slowdown in the economy but limits himself to saying that "the Fed is ready to act if necessary", not announcing measures - The stock exchanges are almost all negative: Milan loses…
Another day on the roller coaster for Fonsai, Unipol and Premafin: maximum volatility for shares and rights in the storm - The successful outcome of the Bonos auction in Spain with declining yields gives oxygen to the stock exchanges which are anxiously awaiting the speech…
In the middle of the first day of the capital increase of the two companies, Fonsai has not yet managed to make a price and Unipol gains 34,88% with rights down by 21% - Milano Assicurazioni and Premafin are almost equal in…
Merkel keeps the German hawks at bay ahead of Friday's Eurogroup which should accelerate on antispreads and aid to Spanish banks - China is preparing to launch stimuli - The US awaits IMF estimates and…
The auction of 3-year BTPs is not affected by the downgrade by Moody's: the Treasury sold securities for a total of 3,5 billion with rates decreasing from 5,3 to 4,65% - The 6-year yield instead shot above XNUMX %,…
Fondiaria-Sai and Unipol shares suspended due to excessive reductions, on the eve of the maxi-capital increases which will involve a request for 1,3 billion from the market in one of the most difficult moments in the history of the Italian financial center - Barclays Bank,…
The rating agency considers Italian government bonds rubbish (Baa2) on the eve of the last auction of the season but the effect will be modest because foreign investors are no longer there - Slowdown in Chinese GDP - Postponement of Impregilo shareholders' meeting - Monday …
THE TWO MATCHES OF THE DAY - (Perhaps) decisive blow in favor of Unipol: Consob has authorized the publication of the prospectuses of the capital increases of Fondiaria-Sai and Unipol - Stall, however, in the challenge on Impregilo: Igli (Savio) wants to postpone …
