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2003 Social Report - PDF file - Unipol

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SECTION IV – GROUP COMPANIES<br />

<br />

UNIPOL FONDI Ltd<br />

Free-phone number: 800 112114<br />

Website: www.unipolbanca.it<br />

<strong>Unipol</strong> Fondi Ltd.<br />

<strong>Unipol</strong> Fondi Ltd. is a company incor-<br />

porated under Irish law for the man-<br />

agement of mutual funds. Previously<br />

owned by <strong>Unipol</strong> Assicurazioni, at the<br />

beginning of the year the company was<br />

acquired by <strong>Unipol</strong> Banca. In 2002 it<br />

reached assets under management<br />

for €272m, an increase of €125m com-<br />

pared with 2001. This significant im-<br />

provement (+84%) was due to the ag-<br />

gressive sales policy adopted during<br />

the year by <strong>Unipol</strong> Banca. Net profit in<br />

2002 was €38,000 (€37,000 in 2001).<br />

<br />

UNIPOL MERCHANT S.p.A.<br />

Phone number: 051 6318211<br />

Website: www.unipolmerchant.it<br />

<strong>Unipol</strong> Merchant S.p.A. – Bologna<br />

Share capital: €70.3m<br />

In July 2002 Finec Merchant, subse-<br />

quently <strong>Unipol</strong> Merchant, was hived of<br />

from Finec Holding (a financial holding<br />

68<br />

company which took over the company<br />

business dedicated to long-term share-<br />

holdings). In the third and forth quarters<br />

of 2002 the new merchant bank devel-<br />

oped its activities in medium and long-<br />

term loans, specializing in corporate<br />

business. After obtaining the necessary<br />

authorisation from the Bank of Italy in<br />

September <strong>2003</strong>, <strong>Unipol</strong> Merchant be-<br />

came <strong>Unipol</strong> Merchant-Banca per le<br />

Imprese S.p.A.<br />

FINEC HOLDING S.p.A.<br />

Phone number: 051 333029<br />

Finec Holding S.p.A. – Bologna<br />

Share Capital: €128.7m<br />

The financial year ended 31/12/2002<br />

was the first year of operation of Finec<br />

Holding after the hive-off of Finec Mer-<br />

chant in July 2002. The company ac-<br />

quired the company activity dedicated<br />

to investments in non-negotiable share-<br />

holdings.<br />

Following these allocations and subse-<br />

quent acquisitions, Finec Holding be-<br />

came a fully operational holding com-<br />

pany, with shareholdings in companies<br />

working in a variety of sectors.<br />

[ <strong>Unipol</strong> Assicurazioni | <strong>Social</strong> <strong>Report</strong> <strong>2003</strong> – Edition Summary ]

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