Unipol launched EUR 2.5 billion raise: Unipol stock is 22.81 percent above offer

Published on 10/14/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Unipol stock costs EUR 25.25 on October 14, 2026 versus the EUR 20.56 offer. The raise covers 121.58 million new shares.

Capital raise and trading timetable

Unipol approved a EUR 2.5 billion capital increase on October 8, 2026.
The offer uses 10 new shares for every 59 held.
Unipol stock trades at EUR 25.25 at 10:02 a.m. CEST at Lang & Schwarz on October 14, 2026.

Schwarzweißfoto einer Familie beim Unterschreiben eines Versicherungsvertrags — Schwarzweiß-Reportage einer Vertragsunterzeichnung veranschaulicht das Kerngeschäft von Unipol Gruppo S.p.A. IT0004810054 im Versicherungssektor, Illustration mit AI erstellt.

Unipol launched a maximum EUR 2.5 billion capital increase on October 8, 2026, while Unipol stock was trading at EUR 25.25 at Lang & Schwarz on October 14, 2026. The offer price is EUR 20.56 per new share, putting the market price 22.81 percent above the subscription price, according to Teleborsa on October 8, 2026.

Three milestones set the timetable

On October 8, 2026, Unipol approved the capital increase with a maximum issue of 121.58 million new shares, offered at EUR 20.56 each. On October 9, 2026, the European Central Bank and Bank of Italy authorized Unipol to exceed 20 percent of BPER's capital and voting rights, according to Unipol. On October 12, 2026, trading in the subscription rights was scheduled to begin on Euronext Milan, according to Teleborsa.

What does the raise fund?

The proceeds are intended to support the acquisition of 635 branches from Monte dei Paschi di Siena as part of the wider transaction involving Intesa Sanpaolo. The subscription ratio is 10 new shares for every 59 existing shares, while the underwriting agreement covers any shares left unsubscribed.

For shareholders, the offer price creates a clear reference point against the live euro quotation. At EUR 20.56, the subscription level is EUR 4.69 below the Lang & Schwarz price of EUR 25.25, a gap of 22.81 percent. The capital increase therefore adds financing capacity while also increasing the number of shares outstanding if fully subscribed.

Next rights deadlines

Rights are scheduled to remain tradable through October 20, 2026, while the exercise period is scheduled to run through October 26, 2026, subject to the offer timetable reported by Teleborsa. The next financial agenda item listed by Unipol is the consolidated results for the period ending September 30, 2026, scheduled for November 12, 2026.

Stock price stays below the yearly high

Unipol stock was trading at EUR 25.25 at Lang & Schwarz on October 14, 2026 at 10:02 a.m. CEST. The finance quote places the company's market capitalization at EUR 18.1 billion and its 52-week range at EUR 17.75 to EUR 29.44 as of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of Unipol stock.