Bayerische Vita to launch IPO Monday in Milan

Article Abstract:

Bayerische Vita SpA said 19.5 million shares or 26% interests will be sold through an initial public offering and a private placement intended for institutional shareholders. The Italian insurer hopes to be able to generate between 195 billion lire and 224 billion lire ($108.8 million and $124.9 million) from the IPO. Proceeds from the sale will be used to expand Bayerische's sales team. The 19.5 million shares may be priced between 10,000 lire and 11,500 lire ($5.58 and $6.41) but the final share price will launched Sunday. Bayerische hopes to start trading on the Milan Stock Exchange July 21 after the IPO.

Comment:

Says 19.5 million shares or 26% interests will be sold through an initial public offering and a private placement

Author: Gold, Susannah
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
Insurance, Insurance Carriers and Related Activities, Organizational history, Bayerische Vita SpA

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Cariplo launches new pension line with two funds

Article Abstract:

Cassa di Risparmio delle Province Lombarde (Cariplo) is launching a new pension product through the pension funds, called Previd-System and Carime Previdenza. The bank touts its new funds to be the only one to have the necessary authorizations from the independent pension-fund regulator of Italy, the Commissione di Vigilanza sui Fondi Pensione, and the country's financial-markets regulator. The open-pension funds, which are being offered by Cariplo's mutual fund arm, Fondigest, are available to everyone, although they are targeted to self-employed individuals.

Comment:

Is launching a new pension product through the pension funds, called Previd-System & Carime Previdenza

Author: Gold, Susannah
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
Services introduction, Pension Funds & Benefit Plans, Pension Funds, Cassa di Risparmio delle Provincie Lombarde

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Subjects list: Italy, Article
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