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UnipolSai and Ugf: how stock market prices change

Friday 26 June is the last day in Piazza Affari for category A and B UnipolSai savings shares and the preferred Ugf shares: from Monday only ordinary shares will be exchanged – Meanwhile, the Fusi family is trying to block the merger between Atahotels (subsidiary of UnipolSai ) and Una Hotels.

UnipolSai and Ugf: how stock market prices change

Tomorrow, June 26, will be the last day of trading on the Milan Stock Exchange for UnipolSai category A and B savings shares and privileged Unipol Gruppo Finanziario (ugf). Therefore, from Monday 29 June they will only be traded in Piazza Affari the ordinary shares of UnipolSai and Ugf. The companies communicated it in two separate notes. 

In detail, UnipolSai announces that, "after the ex-dividend date (22 June 2015) and payment date (24 June 2015) of the dividend for the 2014 financial year, the conversion of all 29 .2015 Category A Shares and all the 1.276.836 Category B Shares outstanding, respectively, in n. 377.193.155 and in no. 127.683.600 ordinary shares, having the same characteristics as the ordinary shares outstanding at the effective date of the Conversion”.

Today, about an hour after the opening, the UnipolSai share gained 0,35% (to €2,304), while UnipolSai Rsp A and B both lost 0,2% (to €230,00 and €2,298 respectively) . Unipol preferred shares, on the other hand, gained 0,2% (at €4,562) and those of UGF 0,5% (at €4,574).

Meanwhile, difficulties arise for the group on the judicial front. Indeed, after the acquisition of Fonsai, Unipol became the owner of Atahotels, a hotel company that should merge with its competitor Una Hotels. However, according to the Radiocor news agency, in recent days the family of Tuscan entrepreneurs Fusi tried to block the operation by filing a request for seizure of the shares of the company Forte Spa, owner of 100% of Una Hotels, with the Court of Florence. The hearing is scheduled for July 8.

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