June 23 (Bloomberg) -- Premafin Finanziaria SpA, the holding company controlling insurer Fondiaria-SAI, halted talks with investment funds Sator Capital Ltd. and Palladio Finanziaria SpA to rescue Fondiaria, Il Sole 24 Ore said.
Premafin’s board decided yesterday that there weren’t “sufficient elements to go ahead with talks,” Il Sole reported citing a board member it didn’t identify. Premafin will go ahead with the alternative rescue plan proposed by Unipol Gruppo Finanziario SpA, the daily said.
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