Fondiaria-Unipol merger suffers further setback
Jonella and Paolo Ligresti, two of the principal owners of Italian insurer Fondiaria-SAI, have refused to agree to conditions necessary to waive a mandatory bid on minorities in a planned merger with rival Unipol, threatening to scupper the deal, according to Reuters.
The Italian stock exchange said in a statement on Friday that the Ligrestis were not ready to give up an exemption from legal action against managers - a condition set by the Italian market regulator
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