(Corrects headline to Banorte. No change in text)
MILAN, June 11 Italy's biggest insurer Generali
has agreed to sell its minority stakes in two Mexican
companies to Grupo Financiero Banorte for $858 million as it
continues to push ahead with its planned sale of non-core
Generali said it would bag a net capital gain of 500 million
euros ($663.73 million) from the sale, which is going to add 4
percentage points to the insurer's Solvency 1 ratio.
With the sale, the Trieste-based company has met more than
half of its 4 billion euro disposal target.
($1 = 0.7533 euros)
(Reporting By Lisa Jucca; editing by Stephen Jewkes)