Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Unipol Gruppo S.p.A.    UNI   IT0004810054

UNIPOL GRUPPO S.P.A.

(UNI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Accenture and ION among quartet vying for Italy's Cedacri -sources

11/25/2020 | 01:10pm EST

MILAN, Nov 25 (Reuters) - IT consultancy Accenture and international fintech company ION Group are among a group of four bidders that have submitted indicative bids for Italian banking software and back-office group Cedacri, two sources told Reuters.

Italian IT services provider Engineering, backed by Bain Capital, is also vying for control of Cedacri along with a consortium of private equity fund Apax and Italy's digital services group Reply, the sources said, speaking on condition of anonymity as the matter is private.

Cedacri and the bidders declined to comment.

Cedacri, which is advised by Deutsche Bank, aims to identify its preferred bidder by the end of the year, the sources said, adding that the deal is worth more than 1 billion euros ($1.19 billion).

Cedacri is backed by Italian state-backed fund FSI, with a 27% stake, and by another 14 financial institutions including Banca Mediolanum, Gruppo Banco Desio and Unipol .

The sale is still in the preliminary stages but discussions are expected to gain momentum in the coming weeks, the sources said.

Italian daily Il Sole reported earlier on Wednesday that Cedacri had initially explored an initial public offering (IPO) but its focus had gradually shifted to selling a majority stake.

The company, based in the northern Italian town of Parma, reported revenues of 383 million euros in 2019, with adjusted core profit of 81.2 million euros, up 50% compared to 2018.

($1 = 0.8400 euros) (Reporting by Elisa Anzolin; editing by Pamela Barbaglia, Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE PLC 2.43% 261.965 Delayed Quote.-2.06%
APAX HOLDINGS 0.24% 20850 End-of-day quote.-6.92%
BANCA MEDIOLANUM S.P.A. 0.00% 7.315 Delayed Quote.3.03%
BANCO DI DESIO E DELLA BRIANZA S.P.A. -1.19% 2.49 Delayed Quote.-2.33%
DEUTSCHE BANK AG -1.13% 9.189 Delayed Quote.3.86%
REPLY S.P.A. 1.58% 99.6 Delayed Quote.2.89%
UNIPOL GRUPPO S.P.A. 1.76% 3.934 Delayed Quote.-1.13%
All news about UNIPOL GRUPPO S.P.A.
01/08UNIPOL GRUPPO S P A : Corporate›FinancialCalendar of corporate events for..
PU
01/08UNIPOL GRUPPO S.P.A. : Provisional calendar
CO
2020UNIPOL GRUPPO S P A : 12.31.20 Corporate Presentation – December 2020
PU
2020Arbitration likely in Banco BPM insurance row with Cattolica -sources
RE
2020Banco BPM takes full ownership of insurance JV with Cattolica
RE
2020Banco BPM takes full ownership of insurance JV with Cattolica
RE
2020Exclusive-Italy's Banco BPM, BPER considering merger in first half 2021 -sour..
RE
2020Accenture and ION among quartet vying for Italy's Cedacri -sources
RE
2020UNIPOL GRUPPO S P A : Group Presentation – November 2020
PU
2020BPER Banca's top investor says idea of merger with Banco BPM 'fascinating' - ..
RE
More news
Financials
Sales 2020 12 475 M 15 120 M 15 120 M
Net income 2020 675 M 818 M 818 M
Net Debt 2020 6 415 M 7 775 M 7 775 M
P/E ratio 2020 3,95x
Yield 2020 8,67%
Capitalization 2 770 M 3 357 M 3 357 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,71x
Nbr of Employees -
Free-Float 53,1%
Chart UNIPOL GRUPPO S.P.A.
Duration : Period :
Unipol Gruppo S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNIPOL GRUPPO S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 5,09 €
Last Close Price 3,87 €
Spread / Highest target 50,0%
Spread / Average Target 31,7%
Spread / Lowest Target 3,47%
EPS Revisions
Managers and Directors
NameTitle
Carlo Cimbri Chief Executive Officer & Director
Pierluigi Stefanini Chairman
Maurizio Castellina GM-Administration, Management Control & Operations
Pier Luigi Morara Independent Non-Executive Director
Ernesto dalle Rive Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
UNIPOL GRUPPO S.P.A.-1.13%3 357
ALLIANZ SE0.15%100 304
CHUBB LIMITED0.94%70 117
ZURICH INSURANCE GROUP LTD0.35%62 786
MARSH & MCLENNAN COMPANIES-4.41%56 917
BAJAJ FINSERV0.20%19 399