Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,112.20 -206.04 -1.35%
S&P 500 1,628.93 -22.88 -1.39%
Nasdaq 3,443.20 -38.98 -1.12%
Ticker Volume Price Price Delta
STOXX 50 2,683.98 -16.95 -0.63%
FTSE 100 6,348.82 -25.39 -0.40%
DAX 8,197.08 -32.43 -0.39%
Ticker Volume Price Price Delta
Nikkei 12,998.10 -247.15 -1.87%
Hang Seng 20,986.90 -238.99 -1.13%
S&P/ASX 200 4,801.50 -59.88 -1.23%

Arpe, Partners Plan Offer for Fondiaria-Sai, Repubblica Says

Matteo Arpe’s private-equity firm and its partner plan an offer for Fondiaria-Sai SpA (FSA) after Italy’s competition authority suspended the insurer’s merger with Unipol Gruppo Finanziario SpA (UNI), la Repubblica reported without saying where it got the information.

According to the plan, Arpe’s Sator Capital Ltd. and Palladio Finanziaria SpA would support half of the 800 million euros ($1.06 billion) capital increase Fondiaria-Sai needs to return to profit, the Rome-based newspaper said. The other half would be raised on the market, la Repubblica reported.

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link