The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65.11 - Life Insurance
No information on job gains number available
Announcement Date
2 August 2016
Employment effect (start)
1 August 2016
Foreseen end date
1 December 2016
Description
Vittoria Assicurazioni is an Italian company that has been working in the insurance sector for almost one century. Currently the company has decided to backshore its controlling holdings from the Netherlands to Italy in order to simplify the control processes in a bid to streamline the organization. The backshoring involves Yafa Holding and Vittoria Capital that are going to be relocated to italy. Yafa Holding controls 82% of Vittoria Capital, which has a 61.15% of Vittoria Assicurazioni.
Eurofound (2016), Vittoria Assicurazioni, Reshoring in Italy, factsheet number 175, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/175.
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