Società Cattolica di Assicurazione - Società Cooperativa
Sede in Verona, Lungadige Cangrande n.16
C.F. 00320160237 - Iscritta al Registro delle Imprese di Verona al n. 00320160237
Società iscritta all'Albo delle Società Cooperative al n. A100378
PRESS RELEASE
PURCHASE OF THE MINORITY STAKE IN BERICA VITA FROM BANCA POPOLARE DI VICENZA IN RECEIVERSHIP
Verona, 28 July 2020. Today Cattolica Assicurazioni purchased a 40% stake in Berica Vita S.p.A. from Banca Popolare di Vicenza in receivership.
Following the acquisition, Cattolica Assicurazioni now holds 100% of Berica Vita's share capital.
The transaction concludes the reorganization process on the subsidiaries held in joint ventures with Banca Popolare di Vicenza and it fits into the broader context of rationalisation and simplification of the Cattolica Group.
The acquisition of Berica Vita S.p.A. doesn't materially affect the Cattolica Group's solvency position.
NatWest Markets acted as financial advisor to Cattolica in regards to the transaction.
SOCIETÁ CATTOLICA DI ASSICURAZIONE
Cattolica Assicurazioni is one of the main players on the Italian insurance market and the only cooperative company in its industry to be listed on the Milan Stock Exchange, where it has been present since November 2000. With nearly 3.5 million customers who rely on the insurance solutions and products it distributes, the Group has total premiums of nearly €7 billion (2019). At the Group level, Cattolica has 1,395 agencies spread throughout Italy, covering both large cities and smaller towns, and a network of 1,887 agents. For further information: www.cattolica.it/profilo-societario
CONTACT INFORMATION
Chief Financial Officer | Media Relations Office |
Atanasio Pantarrotas, CFA | Erminia Frigerio - Media Relations |
Tel. +39 045 8391738 | erminia.frigerio@cattolicaassicurazioni.it |
Investor.relations@cattolicaassicurazioni.it | Tel +39 337 1165255 |
Angelo Cipriani - Local Media | |
Tel. +39 347 5074052 | |
angelo.cipriani@cattolicaassicurazioni.it |
Comin & Partners
Lelio Alfonso (334/6054090 - 02/87042400) Managing Partner Milano lelio.alfonso@cominandpartners.com
COMUNICATO STAMPA
Comin & Partners
Giuseppe Stamegna (392/0240063 06/9025523)
Consultant Roma giuseppe.stamegna@cominandpartners.com
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Società Cattolica di Assicurazione Soc. Coop. published this content on 28 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2020 16:10:02 UTC