High noon for Unipol and Fonsai. In fact, the boards of directors of the two companies involved in the four-way merger between the coop company and the Ligresti group kick off at 12. We start with Unipol.
The situation, in the words of CEO Carlo Cimbri, remains "fluid" after the plenary meeting on Saturday morning which brought together all the protagonists of the game (including the top management of Mediobanca and Unicredit) the will to go ahead to identify the value of the assets of Premafin, Milano Assicurazioni, Fonsai and Unipol emerged.
Yesterday the experts of the two parties worked late into the night but there was no direct contact. This morning Unipol will make its offer on the exchange ratios between the shares of the various companies. The declared objective of the Bologna-based company is to increase Premafin to at least 80 per cent, through the 400 million capital increase reserved for the insurance of Lega coop in order to then maintain an absolute majority following the merger with Fonsai.
It is possible that the equation will already find a solution within today, or the councils will be satisfied, for the moment, with a narrower gap between the various values. The day, therefore, appears crucial but not definitive. Even apart from the many "mines" sown by the minority couple Palladio-Sator, anything but resigned.
