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Unipol Gruppo SpA (UNPI.MI)

UNPI.MI on Milan Stock Exchange

3.91EUR
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Unipol Gruppo Finanziario H1 consolidated net loss of EUR 390 million, after bank restructuring adjustments
Friday, 4 Aug 2017 01:23am EDT 

Aug 4 (Reuters) - UNIPOL GRUPPO FINANZIARIO ::H1 CONSOLIDATED NET INCOME, INCLUDING THE EFFECTS OF THE RESTRUCTURING PLAN OF THE BANKING SECTOR, AMOUNTED TO LOSS OF EUR 390 MILLION.H1 NET PREMIUMS OF 5.69 BILLION EUROS VERSUS 7.59 BILLION EUROS YEAR AGO.COMBINED RATIO FOR DIRECT BUSINESS OF 95.3 AS AT JUNE 30.CONSOLIDATED SOLVENCY RATIO BASED ON ECONOMIC CAPITAL EQUAL TO 153%.  Full Article

Unipol CEO says reorganisation will have no impact on dividend target
Friday, 30 Jun 2017 02:51am EDT 

June 30 (Reuters) - Unipol Gruppo Finanziario CEO Carlo Cimbri says::Rules out raising stake in BPER Banca.No impact on dividend target from reorganisation of insurance business and bad bank creation.  Full Article

Unipol CEO says no plan to further up BPER stake
Thursday, 11 May 2017 05:39am EDT 

May 11 (Reuters) - Unipol Gruppo Finanziario Chief Executive Carlo Cimbri tells analysts in a conference call: :company has no plans to further increase stake in BPER Banca .will look for M&A opportunities for Unipol Banca after bad loan clean-up.the group said earlier on Thursday it held a 9.9 percent holding in BPER, out of which 5 percent was a stable investment and the remainder a financial one.BPER Banca's shares fell on Wednesday amid fears that the bank may end up buying fellow Italian lender Unipol Banca after Unipol Group's stake building nL8N1IC6KB.  Full Article

Unipol CEO says never spoke of merging BPER & Unipol Banca - paper
Thursday, 11 May 2017 02:17am EDT 

May 11 (Reuters) - Unipol Gruppo Finanziario CEO Carlo Cimbri tells Il Sole 24 Ore in an interview::idea of merging BPER Banca with Unipol Banca has not been discussed.Unipol focusing on bad bank creation for now.reiterates that out of its 9.9 percent holding in BPER, 5 percent is a stable investment and the remainder a financial one.  Full Article

Unipol CEO says no conditions now to extend Banco BPM partnership - paper
Thursday, 11 May 2017 01:48am EDT 

May 11 (Reuters) - Unipol Gruppo Finanziario CEO Carlo Cimbri told Il Sole 24 Ore in an interview: :At present there are no conditions to extend bancassurance partnership with Banco BPM which expires at the end of 2017.  Full Article

Unipol Gruppo Finanziario Q1 net profit up at EUR 157 million
Thursday, 11 May 2017 12:41am EDT 

May 11 (Reuters) - Unipol Gruppo Finanziario SpA ::Q1 NET PROFIT EUR 157 MILLION VERSUS EUR 151 MILLION YEAR AGO.COMBINED RATIO OF DIRECT BUSINESS IN Q1 STOOD AT 95 PCT (96.5 PCT NET OF REINSURANCE), COMPARED TO 94.3 PCT IN THE SAME PERIOD 2016.UNIPOL GRUPPO FINANZIARIO SPA SAYS HOLDS 9.9 PERCENT OF BPER BANCA.  Full Article

BPER CEO says has not looked at possible Unipol Banca deal
Tuesday, 9 May 2017 01:07pm EDT 

May 9 (Reuters) - BPER Banca CEO Alessandro Vandelli tells analyst call::Aware that there are studies about a possible combination of Unipol Banca and BPER but cannot say anything as has not looked at any figures nor discussed anything with Unipol .Ready to analyse everything, but aware BPER must be cautious and preserve a strong capital position given its still high bad loan ratio.Not able to confirm report that Unipol has raised stake in BPER to nearly 10 percent.  Full Article

Unipol proposes dividend of EUR 0.18/shr
Friday, 24 Mar 2017 02:04am EDT 

Unipol Gruppo Finanziario SpA :Proposes dividend of 0.18 euro per share.  Full Article

Unipol not interested in Monte dei Paschi cash call for now-CEO
Monday, 7 Nov 2016 10:15am EST 

Italian insurer Unipol CEO Carlo Cimbri says: Not interested in Monte dei Paschi di Siena's cash call at present Further company coverage: [BMPS.MI] (Reporting by Milan Newsroom).  Full Article

Unipol says exposure to Italy earthquake limited
Wednesday, 24 Aug 2016 10:46am EDT 

A spokesman for Italian insurance group Unipol, asked about the impact of the Italian earthquake in central Italy, says: From early estimates, and hoping there will be no new episodes, the overall exposure of Unipol is fairly limited. . The quake is not expected to trigger the group's 200 million euro Azzurro Re Catastrophe bond maturing in 2019 . Issued last year the Azzurro Re bond was the first so-called catastrophe bond to cover earthquake risk in Italy [nL8N1B52FX] . Investors who buy a catastrophe bond enjoy a high yield but lose the value of the bond if an event occurs within agreed parameters, including factors such as location and severity. Further company coverage: [US.MI] [UNPI.MI] (Reporting by Milan newsroom).  Full Article

Carige bondholder Unipol ready to take up debt swap offer-source

MILAN, Sept 29 Insurer Unipol , which holds subordinated bonds worth 75 million euros issued by Banca Carige, intends to take up a debt swap offer launched by the troubled lender to help boost its capital base, a source close to Unipol said on Friday.