Generali says not taking part in Yapi Kredi Sigorta sale process
MILAN Jan 10 (Reuters) - Italian insurer Generali is not taking part in the sale process of Turkish insurer Yapi Kredi Sigorta, a Generali spokesman said on Thursday denying a report in the Turkish press.
Shares in Yapi Kredi Sigorta jumped nine percent on Thursday after a newspaper said Generali had made an official approach to buy the Turkish insurer.
"With reference to press speculation, Generali is not taking part in Yapi Kredi Sigorta's sale process," a spokesman said.
(Reporting By Claudia De Lillo, editing by Francesca Landini)