Supporting cast on hook for €624m in FonSai drama
The curtain on Thursday came down on the first act of the dual €1.1bn rights issues for Italian insurers Unipol and Fondiaria-Sai with the cast of underwriters declining to feign surprise at the appearance of €624m of unsold stock. Act two, a five day auction of unexercised rights, could start as soon as next week.
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