BNP Paribas Italy News & Press Release
November 28, 2005 -

Unipol S.p.A. share Capital increase

Forward to a friendForward to a friend PrintPrint

Unipol Assicurazioni S.p.A. successfully completed a €2.6bn capital increase – almost doubling its market capitalisation – by means of a rights issue.
This transaction is part of the financing plan set by Unipol to fund the announced €4.2bn Public Tender Offer on Banca Nazionale del Lavoro. The €2.6bn rights issue was structured in a way that the holders of existing ordinary and preference shares were entitled to subscribe 13 new ordinary/preference shares every 9 ordinary/preference share held.

The subscription period started on October 10th and ended on October 28th with a subscription rate of 99.3%. Rights not exercised during the subscription period were offered in the market during a 5-day auction from November 7th to November 11th. At the end of the auction period all the rights were exercised without the intervention of the underwriting syndicate.

BNP Paribas Corporate Finance acted as Co-Lead Underwriter, along with CSFB, Deutsche Bank, Nomura, and HVB.

Know more about BNP Paribas ECM business line