Italian bank, UniCredit, may buy a part of Premafin Finanziaria’s shares in insurer, Fondiaria-Sai, Bloomberg reports. The bank may acquire a 7% stake, paying about €170 million for Premafin’s rights in Fondiaria’s proposed €460 million share sale. The acquisition will reduce Premafin’s stake in Fondiaria to 34% from 42%. Fondiaria is controlled by Premafin, which is owned by the Ligresti family.
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