Home » Cattolica asks Ivass to assess the need for a second tranche of a capital increase of 200 million

Cattolica asks Ivass to assess the need for a second tranche of a capital increase of 200 million

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The second tranche of Cattolica’s 200 million share capital increase may not be necessary. The board of directors of the company decided to give up and asked IVASS, the Insurance Supervisory Institute, to evaluate this possibility. “Having acknowledged the positive outcome of the takeover bid launched by Assicurazioni Generali and the simultaneous valuation of almost all of the treasury shares previously held by Cattolica, with a consequent further improvement in Cattolica’s solvency margins – reads the press release – (the Board of Directors) resolved to submit to the IVASS valuation the elimination of the need to proceed with the execution of the second tranche of the share capital increase in option equal to 200 million euro “.

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