Premafin to Back Unipol-Fondiaria Merger Plan, Messaggero Says

Premafin Finanziaria SpA (PF) will support Unipol Gruppo Finanziario SpA (UNI)’s plan to merge with Fondiaria-Sai SpA (FSA), Il Messaggero reported, without saying where it got the information.

The advisers of Premafin, the biggest investor in Italy’s No. 2 insurer Fondiaria, confirmed their commitment to Mediobanca SpA (MB) Chief Executive Officer Alberto Nagel in a meeting yesterday, the newspaper said.

Private-equity fund Sator Capital Limited and Palladio Finanziaria SpA tried in vain to contact Banca Leonardo SpA Chief Executive Officer Gerardo Braggiotti to start negotiations on their offer for Premafin, the newspaper reported. Banca Leonardo is advising Premafin.

To contact the reporter on this story: Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

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