Joint press release - Insurance assets divestiture process
Tuesday, January 21, 2014
The Board of Directors of Unipol Gruppo Finanziario S.p.A. and UnipolSai Assicurazioni S.p.A., analyzed today the proposal submitted by Allianz S.p.A. on 14 January for the acquisition of some insurance assets of former Milano Assicurazioni S.p.A., and convened to proceed to the exclusive negotiation and finalization on binding agreements within 15 March 2014. The object of the proposal includes a distribution network of approximately 800 agents, the relative portfolio in property and casualty (worth around 1.2 billion euro – data as 2012) and employees dedicated to manage this portfolio (500 people).