Unipol: potential 29.97% stake in BPER through new derivatives (Consob)
The Bologna-based company has formally notified the regulator of its position
Unipol has acquired a potential 29.966 per cent stake in BPER. This is according to the update on significant shareholdings published by Consob. The Bologna-based company has thus formally notified the authority of its increase in Bper’s share capital through financial instruments, following a transaction carried out on 7 June. The threshold of 25 per cent of the share capital was exceeded following the signing, with leading market operators, of two “total return share swap”, with a total of 104,192,486 BPER shares as the underlying asset, representing approximately 4.99% of the share capital. The contracts, with maximum maturities of 25 months and 35 months respectively, provide for both cash settlement of the price differential and the possibility of physical delivery of the underlying shares, subject to obtaining the necessary legal authorisations. As Unipol already held an aggregate stake of approximately 24.99% of BPER’s share capital, comprising an actual stake of 19.98% and a potential stake of approximately 4.97%, it now holds an aggregate stake of approximately 29.96 per cent.
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