Unipol Assicurazioni - Signed the preliminary agreement for the sale of a stake in Aurora Assicurazioni and received irrevocable proposals for the purchase of further stakes in the company

Corporate
Friday, October 21, 2005

With reference to Unipol Assicurazioni’s shareholding in Aurora Assicurazioni S.p.A. (‘Aurora’), which is currently 86.64% of the share capital, the following is hereby communicated:

  1. Unipol Assicurazioni and Clessidra SGR S.p.A. signed a preliminary sale agreement involving the full and final sale to Clessidra of a maximum stake of 9.99% of Aurora’s share capital, at a price per share of €2.337, up to a total of €214.75m. Unipol Assicurazioni is entitled to carry out this sale following the end of the acceptance period to the public tender offer launched by Unipol on BNL ordinary share capital (the ‘Offer’), fixing the actual number of shares to be ceded. Unipol and Clessidra, furthermore, regulated their relationships as regards the future shareholding structure in Aurora.
  2. Unipol Assicurazioni received by Kora S.p.A. an irrevocable proposal to purchase a 9.99% stake of Aurora’s share capital, for a total amount of €214.75m. This purchase proposal is valid until the thirtieth business day following the end of the acceptance period to the Offer.