The deadline for delivering binding offers for the three Italian companies of Austrian insurance group Uniqa has been set on September 15th, MF Milano Finanza writes today adding that potential bidders in the sale process that started last June (see here a previous post by BeBeez) are said to be seven.
Kpmg and Unicredit who are advising Uniqa for the deal are actually said to have received expression of interests from four insurance companies (with Cattolica, Reale Mutua and Itas among them) and three private equity firms (with Cinven and Apollo Global Management among them).
The three Italian companies are: the damage insurance company Uniqa Assicurazioni with a 10 million euros net result in 2015 and 245 million euros in insurance premiums; life insurance Uniqa Previdenza (former Claris Vita), with a 880k euros net result in 2015 and 436 millions in insurance premiums; and life insurance Uniqa Life, where Veneto Banca owns a 10% stake with 443 million euros in insurance premiums and a 2.7 million euros net result.
