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Fondiaria's conditions threaten Unipol merger

Concept image of people merger

Italian insurer Unipol wants to proceed with its planned merger with Fondiaria-SAI but will not accept certain conditions proposed by its troubled peer, according to Reuters.

Unipol said in a statement on Wednesday that its board had given group chief executive Carlo Cimbri a mandate to form a proposal for Fondiaria based on the original agreement announced to the market

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