Generali says not taking part in Yapi Kredi Sigorta sale process

MILAN Thu Jan 10, 2013 3:26am EST

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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)

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