trending Market Intelligence /marketintelligence/en/news-insights/trending/mwbz9v_ka7rideesajb0ha2 content esgSubNav
In This List

Yafa asks Vittoria Assicurazioni to grant Vittoria Capital up to €300M in loan

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Yafa asks Vittoria Assicurazioni to grant Vittoria Capital up to €300M in loan

The board of Yafa SpA asked Vittoria Assicurazioni SpA to grant to Vittoria Capital a loan of up to €300 million.

The request comes after the approval of the merger between Vittoria Assicurazioni and Vittoria Capital by their boards. Yafa is the parent company of Vittoria Assicurazioni.

The loan is expected to provide Vittoria Capital with the necessary resources to extinguish a loan from Banco BPM SpA to cover the financing of the recent public and exchange tender offer on Vittoria Assicurazioni shares. The loan is subject to the approval of the boards of Vittoria Assicurazioni and Vittoria Capital.