Italy's Generali to sell Fata Danni for 179 million euros
MILAN (Reuters) - Italy's Generali (GASI.MI) said on Wednesday it had signed an agreement to sell its Fata Assicurazioni Danni unit, which focuses on agricultural risks, for 179 million euros ($241 million).
The deal allows the Italian insurer to further strengthen its liquidity and capital position and improve its Solvency I ratio by 0.6 percentage points, Generali said in a statement.
($1 = 0.7428 euros)
(Reporting by Francesca Landini; editing by Agnieszka Flak)