Conviction in the first instance for market manipulation on Premafin securities to the Sicilian finance
The request of the prosecutor in the trial for insider trading underway in Milan. There is also a fine of 100 euros. For the other two defendants, three years and 63 euros each are requested.
The prosecutor of Milan Orsi today closed the investigation into the "papello" signed by Salvatore Ligresti and Alberto Nagel in which the former head of Fonsai advanced the requests of his family to leave Premafin and facilitate the merger with…
The first charge refers to the investigation into the foreign shareholder trusts of Premafin - The second, however, also involves Giancarlo Giannini, former president and commissioner of Isvap.
The National Commission for Companies and the Stock Exchange has approved a 3 million fine against the French entrepreneur, guilty of violating the regulations, providing misleading information on the price of Premafin shares - Bollorè is charged…
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…
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…
Positive sign for Milano Assicurazioni which records a 3,59% share, after the merger deed, stipulated on 31 December, to incorporate Unipol, Milano Assicurazioni and Premafin into Fondiaria-Sai. The new entity will be called UnipolSai.
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 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.
La Financiere du Perguet is the holding company of the Bollorè group, which owns the equity investments in Mediobanca, Generali and Premafin - La Perguet, established in 2002, had suffered a loss of 68,4 million in 2010 and 17 million in…
Consob fined Salvatore Ligresti, Giancarlo de Filippo and Niccolò Lucchini for a total of 11,3 million euros for operative manipulation of Premafin stock in the period between November 2009 and September 2010.
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…
The new president is the number one of UGF, Pierluigi Stefanini - Jonella Ligresti does not give up the right of withdrawal: Unipol's mandatory takeover bid on the minority shares of Premafin would be "absolutely welcome" - Paolo announces an appeal against the appointment of…
Confidence index and Schiller index on US homes cause share prices to fall - Piazza Affari (-0,13%) limits the damage thanks to the push from the banks, among which the rises of Ubi (+4,89%) and Mediobanca (+3,66%) in…
The first stage of the Treasury auctions on government bonds begins today: 20 billion euros will be offered to the market during the week - Awaiting tomorrow's visit of Monti to Berlin - Bad news from Asia: Japan…
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 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…
Tensions rise with the Ligrestis - Piazzetta Cuccia denies the existence of agreements for a severance pay for the family - The seized document also mentions a secretary and a driver for Salvatore Ligresti, but there are no signatures -…
The magistrates of Milan have seized a letter in which an alleged agreement between Salvatore Ligresti and Mediobanca for the exit of the family from Premafin is alleged.
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.
Piazza Affari see-saws: the Ftse-Mib index first loses, then returns to parity, then drops again in the middle of the day and then rises again - All European price lists are negative, awaiting the summit which will see the new Greek government ask for…
After Consob's decision to return the draft prospectus forwarded at two in the morning with dozens of corrections to the sender, i.e. to Fonsai itself, a new Premafin board of directors is scheduled today - The stock collapses at…
After the heavy start due to the steeply discounted price increases, a new tile for the large Unipol - The authorization provision for the publication of the prospectuses has not yet arrived from the Commission - Paolo Ligresti attacks Mediobanca and Unicredit -…
Great expectations for the decisions of the ECB Directorate of 5 and 6 July: rate cuts at the top of Draghi's agenda - Wednesday's meeting between Mario Monti and Angela Merkel is also fundamental - Milan in swing - Meanwhile…
Today the directors decided to adjourn the works to next July 2 to analyze the new proposal by Sator Palladio to Fondiaria Sai and the request of the judicial custodian of the Premafin shares, which would like the convening of an extraordinary meeting.
The Board of Directors of Premafin has begun which could see the resignation en bloc of the directors of the holding company after Paolo Ligresti's request to convene a meeting to appoint a new board - The hypothesis was expressed by a director…
After the move by the judicial custodian of the two shareholder trusts holding 20% of Premafin, the situation becomes more complicated - The times for the Fonsai increase are at risk, the CEO at the meeting assures that the company will take steps to find alternative solutions to…
As part of the four-way merger with Fonsai and Milano Assicurazioni, Unipol and Premafin have modified the agreements, made in January, on indemnity and right of withdrawal - The new agreement prevents the Ligresti family from being rewarded - Be content…
Fonsai, Premafin and Milano Assicurazioni fly to Piazza Affari after the conditional go-ahead from Isvap and the Antitrust to the integration project with Unipol.
The Court of Milan has declared the bankruptcy of the two holding companies Sinergia and Imco which together register a cash deficit of between 80 and 105 million - The deputy attorney Orsi can now proceed against Salvatore Ligresti even…
Green light with gritted teeth to the 400 million capital increase for Unipol - Ligresti avoids bankruptcy and the sisters Giulia and Jonella are close to tears - But the case is not closed - Paolo Ligresti: "The indemnity is…
The markets are traveling on a roller coaster, but in any case Milan remains negative and with the worst performance among the European lists - The yield on the 6-year BTP is on the rise again, above 480%, while the spread reaches XNUMXbp…
By mid-morning, the share of the insurance company was up by +3,41% - The share of the Bologna-based Unipol, on the other hand, fell: -1,8% - Premafin and Milano Assicurazioni did well too, whose board of directors gives the go-ahead to Unipol's proposal for …
Ghizzoni: "We have decided to accept Unipol's offer. We, the banks in the syndicate, are willing to approve the restructuring of Premafin's debt. And also the start of enforcement in the event that there is no approval from of the shareholders' meeting of the company" -…
After Premafin's board of directors said yes to Unipol's proposal on share swaps, it seems clear that Ligresti hopes that the intransigence line of the banks will crack and Sator Palladio's alternative offer will take off: the strategy is rejected for…
In view of Monday's showdown on the Fonsai-Unipol merger, speculation focuses on the shares of the Ligresti stable with dizzying trading and record prices - Premafin and Milano Assicurazioni soar - Fonsai suspended in mid-afternoon with…
The new proposal by the private equity funds envisages a capital increase of 800 million, of which 400 million reserved "for investors, for an issue price between 2 and 2,5 euros per share" and another 400 million "offered in…
If Ligresti does not waive the indemnity and the right of withdrawal, Premafin's capital increase risks skipping and Unicredit's CEO sends an unequivocal signal: "If necessary, we will enforce the pledge", i.e. 35% of Fonsai in…
The boards of Unipol Gruppo Finanziario and Unipol Assicurazioni want to continue the merger project with Premafin, Fondiaria Sai and Milano Assicurazioni and re-propose "the original plan of the project communicated to the market" for the swaps.
The Commission excludes any benefit to the Ligresti to protect the equal treatment of all shareholders - The money is used only for the rescue - Final decision subject to Isvap opinion - From Premafin negative contribution to the group and…
After a river board meeting finished late yesterday evening and the Ligrestis leaving the table early, the board of the holding company accepted the exchange ratios proposed by the subsidiary Fonsai - Now the decision passes to the company…
"Greece remains in the euro" say the European leaders at the Brussels summit but the stop on Eurobonds for the German opposition sows mistrust - Wall Street has recovered in view of a possible new liquidity operation in the summer -…
Vegas says yes in half to the Bolognese company - The exemption from the takeover bid is linked to a thousand conditions - No severance pay for the Ligresti - Now Unipol evaluates the counter-proposal on the exchanges - Race against time for Premafin: either the agreement or…
In today's meeting, only the appointment of five new directors will be discussed - The BoD expects "in the next few days an agreement on the economic values of the proposed merger, as well as the possible short-term pronouncement by Consob regarding the exemption from the obligation …
Piazza Affari immediately starts with a sharp decline - Today the listed companies distribute 5,5 billion euros to their shareholders - As a result, the Ftse Mib will lose 1,8% - Eni, Telecom Italia and Snam are the most generous - The Treasury relaunches…
In the aftermath of the Fondiaria-Sai board meeting on the terms of the exchanges in the context of the merger with Unipol, the shares of Milano Assicurazioni, Premafin, Fonsai and Unipol recorded heavy losses.
Purchases on the Ligresti galaxy while moving towards a settlement on the exchanges of the transaction with Unipol: Fonsai +12,2%, Premafin +7,78% and Milano Assicurazioni +7,91% - Waiting for the Consob verdict on exemption from the takeover bid - Sator Palladio's new offer on…
Green light to the Premafin meeting for the increase, restructuring with the banks and swaps - No to signing the increases, approving the merger and sharing the industrial plan - For the final green light, keep an eye on the commitments made by…
Premafin will be able to hold the shareholders' meeting for the capital increase and the parties will be able to define the swaps, but they will not be able to proceed with the underwriting phases and the business plan sharing activities - The evaluation of the operation is also subject to the specification…
In evidence in Piazza Affari both Fonsai (+5%) and Premafin (+9%) - The market smells the stew of the Ligresti group with the possible spin-off of Milan - Today Fonsai before the Antitrust and Wednesday it's Unipol's turn: they discuss as…
The Antitrust opens an investigation and suspends the integration to get to the great Unipol - Now Mediobanca and Unicredit are studying the papers to find a way out of the stop and to understand the margins for maneuver - The final verdict of the Authority could …
According to the Authority, "the concentration between the Ugf group and the Premafin group is likely to determine the creation or strengthening of a dominant position on various markets relating to the insurance sector" - The investigation must be completed within 45 days.
The CEO of Fondiaria-Sai, Emanuele Erbetta, confirmed that the negotiation on the exchange ratios between the two insurance companies and Premafin is in full swing - The Ligresti holding is gaining ground on the Stock Exchange, also the Fonsai stock is doing well.
The investigators seized 20% of the Premafin holding in the hands of two offshore trusts and entered Salvatore Ligresti in the register of suspects on charges of insider trading - Unipol sells more than 8% in the Milanese stock exchange - Fonsai is also bad (-5,89 %)…
Fonsai says yes with reservations on the price of the merger with the Coop company but Don Salvatore is in a storm and is being investigated for insider trading: the Milan Public Prosecutor's Office seizes 20% of Premafin, the holding company of the group which…
The Coop company sets the prices of the exchange for Premafin and Fonsai and wants 66,7 of the new insurance pole - 11,6% would remain for the Ligresti but esterovestito - Meanwhile the judiciary investigates Don Salvatore's empire
"On exchanges, I only read the distances in the newspapers", says the CEO of the insurance group - Time is running out for the price of the Premafin increase to be fixed by April 16 - Eyes on the Authority by small shareholders -…
The Milan judiciary investigates the flood of money that ended up in the pockets of managers and directors of the Ligresti group despite the crisis devastating its companies - The complaint of the Amber fund and the unbearable lightness of Isvap - Corporate losses…
Paolo also retains his position from the Ligresti family - The former managing director, Fausto Marchionni, and the lawyer Carlo d'Urso are out - The new entries would be Marco Reboa, Giorgio Oldoini and Nicolò Dubini.
The securities of the "large insurance hub" are doing badly in Piazza Affari: the difficulties of the four-way merger and the uncertainty represented by the judicial investigations brought Premafin, Fonsai, Unipol and Milano Assicurazioni into negative territory - Fondiaria-Sai closed 2011 with…
Piazza Affari starts lower - We will see today whether or not the stock exchanges like Spain's plan and whether it will extinguish the new sovereign risk fever - The Premafin-Fonsai-Unipol intrigue is still taking center stage - Rain of appointments on the way:…
The text of the agreement between Premafin and Unipol has been published: exclusive to the Bologna-based company, emoluments to the Premafin board until the approval of the 2012 financial statements, 2,1 billion in exposure with the holding banks and Fonsai, timetable already overrun - The prosecutor …
Piazza Affari uncertain after yesterday's black day - The other European lists are better - The spread falls, but remains above 330bp - The worsening of the economy and the resurgence of sovereign risk still frighten the markets -…
In a note released by the Premafin company, it confirmed that the integration project with Unipol is continuing - "There are no elements such as to change the announced plans" - According to rumors, Jonella Ligresti will not be part of the list of candidates…
The slowdown in the Chinese economy and high oil prices do not weigh that much on the price lists - Piazza Affari opens up, then turns negative - Attention to the labor reform and turnover in Confindustria - Yes…
The holding's shares are rebounding after the green light for Fonsai's capital increase was announced yesterday: +11% by mid-morning - The other titles in the Ligresti galaxy were weak.
Premafin (+13.%) and Mps (+1,8%) animate, together with the leap of industrial stocks Mediaset, Parmalat, Fiat Industrial and Ferragamo, Piazza Affari, which is the best list in Europe - Stable spread at 280 bps - Terna reduces the coupon a little but…
Positive start for Piazza Affari, after the US Stock Exchange celebrated yesterday: Apple superstar and S&P at 1.400 basis points - The ECB reveals that the BTP is the stock that has most reduced yields in Europe: merit…
The cooperative company warns Palladio-Sator not to support the alternative plan for the structure of Premafin and Fonsai but Meneguzzo and Arpe do not give up - Storm over Goldman Sachs - Piazza Affari opens positive - The dollar strengthens - Spread…
Adherence to the Greek swap would have exceeded 75%, the threshold necessary to avert default - Enthusiasm in the markets - The Btp-Bund spread drops below 300 and the stock exchanges are racing: Piazza Affari gains 1,6% - Paris Queen of Europe:…
Stock exchange day on the roller coaster for the Ligresti holding title - Premafin does not change partners and remains faithful to Unipol but Palladio and Sator do not give up and prepare a tough legal battle.
The deadline for joining the Greek swap expires at 21: so far 58% of investors have signed up but the target is 90 - The markets believe it: an upward start for Piazza Affari - And today is also the day…
Memberships of the Greek swap are growing: we are at 58% and Banca Generali, Intesa and Unicredit are also participating - The German government agrees to the Fiscal compact - Premafin asks Fonsai to reduce the increase and tomorrow the Palladio-Sator offer expires -…
Question by Pd deputy Antonio Luongo to minister Corrado Passera: what elements are there on the Fondiaria-Sai crisis and why not remove Giannini from the Isvap top?
RICCARDO GALLO'S CHECK UP - Asset weakness and insufficient size are among the main causes of the instability of the Ligresti insurance group which own 7 per thousand of the assets (!) - For the future it is necessary to evaluate…
Palladio-Sator's complaint advises the Ligresti to avoid hasty decisions even if the exclusivity clause with Unipol and the solicitations of Unicredit and Mediobanca weigh - The double Draghi-Monti effect sends the spread to a peak and the stock exchanges celebrate…
The Stock Exchange takes for granted Ligresti's no, pressured by Mediobanca, to the Palladio-Sator counterplan for Premafin but Arpe and Meneguzzo do not give up and open the counter-offensive - The great division of the Ligresti group and Milano Assicurazione is looming, true…
Despite the heavy debt, the share reorganization plan leveraging Unipol and the duel with Palladio-Sator led Premafin shares to earn more than double compared to the second most successful stock, Gabetti - At the top we find…
A rejection of the Sator-Palladio plan, an alternative to that of Unipol, is looming - The speculative appeal on securities has disappeared.
The Treasury repeats its success in the Bot auction - The G20 appreciates Italy but Germany opposes the strengthening of the state-saving fund - All negative European lists - Impregilo in Milan in strong contrast - Stable spread.
The success of the auction of Italian government bonds invigorates bank shares and gives impetus to Piazza Affari (+1%) - Telecom's exploits on the wings of the accounts - Premafin rally, which gains over 20%, while the…
Visit to Piazzetta Cuccia in the presence of CEO Alberto Nagel and Gerardo Graggiotti of Banca Leonardo - "It was just a courtesy meeting", declared Graggiotti - Meanwhile the Premafin stock soars: +24%.
The Palladio-Sator offer makes the Ligresti galaxy's stock fly (+42%) - European stock markets down after the cut in eurozone GDP estimates and the bad results of Dexia and Commerz: all bank stocks down - Up …
War of nerves on Fonsai: Palladio-Sator offer 450 million for Premafin while the CEO of Mediobanca Nagel assures that Unipol is the only real global offer and meets the big boss of Axa, de Castries, in view of possible future moves -…
Securities in volatility auction - The rumors about a possible entry of the creditor banks (primarily Mediobanca and Unicredit) in the capital of the maxi insurance agglomeration that will arise from the forthcoming merger of Premafin, Fondiaria Sai, Unipol...
Big increases in Piazza Affari for the three companies that will merge with Premafin - The president of Finsoe, Marco Pedroni, revealed that the cooperative companies plan to allocate 300-350 million euros to Unipol's capital increase in…
According to rumors, the French are studying the dossier to evaluate various possibilities such as the purchase of company branches, brands or agencies, up to the launch of a takeover bid - Meanwhile, a rebound day in Piazza Affari also for Premafin and Unipol.
On the web all the disappointment of small shareholders, called to new capital increases while the Ligresti, after the enormous failures created in the group, leave the scene with prizes as monstrous as they are undeserved.
The postponement is also valid for "the conclusion of the verification activity by Unipol currently underway at Premafin, Fondiaria Sai and Milano Assicurazioni".
The operation will be concluded in a short time before transforming into reality the plan contained in the letter of intent signed last Friday between the Bolognese group and the Ligresti family.
Piazza Affari in green just over one percentage point, spread down to 470 - The Monti effect and the Draghi effect continue to be felt - Today the test of the new Italian Treasury auction
If the merger of Unipol with Premafin, Fondiaria-Sai and Milano Assicurazioni goes through, Piazzetta Cuccia (which today flies on the stock exchange) will obtain important results: defuse the debt mine of the Ligresti house, avert the strengthening of competitors on the Italian market…
The partial recovery of Unicredit (+6% for shares, +80% for rights and trading boom) after the collapse of 6 sessions restores oxygen to the banks and Piazza Affari (+3%), for one day the best of Europe - The…
The Ligresti family, the reference shareholder of the insurance company through the Premafin holding, is forced to take a step backwards and therefore the reorganization seems increasingly linked to Unipol - The role that the…
Piazza Affari and the Italian government bonds are trying today to repeat the excellent opening day of the new year: the Ftse Mib opens well (+1%) - But the hedges are preparing the final battle against the euro and clouds are coming from Spain - …
The Ftse Mib closed the last session of the year up by 1,22%, above 15 thousand points, thanks to the positive day of industrial stocks - This however does not prevent Piazza Affari from conquering the worst European Stock Exchange title of the…