Generali - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
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Assicurazioni Generali SpA Picks Two Bidders Including Scor SE For US Life Unit; Munich Re Group AG, Swiss Re AG, And Others Also Interested To Buy Generali US-Reuters
Reuters reported that Assicurazioni Generali SpA has moved closer to selling its U.S. life reinsurance unit as it shortlisted two among a large number of bidders. The selected bidders are Scor SE and a U.S. rival. Financial Italian daily Sole 24 Ore earlier reported that Scor and a U.S. player were in pole position to acquire Generali US. Munich Re Group AG, Zurich Insurance, Swiss Re AG, Hannover Rueckversicherung AG, Reinsurance Group Of America Inc and a bunch of Bermuda-incorporated reinsurers such as Everest Re were also interested to buy Generali US. Generali's new Chief executive Mario Greco aims to raise EUR4 billion from non-core asset sales to shore up capital and restore value after long-standing CEO Giovanni Perissinotti was ousted by disappointed investors led by Mediobanca. The insurer is hoping to secure $800 million to $1 billion for Generali US and about EUR2 billion ($2.60 billion) for its private bank BSI, which it is also selling.
Latest Developments for Assicurazioni Generali SpA
- Standard & Poor's places Assicurazioni Generali SpA in Credit Watch with negative implications
- Assicurazioni Generali SpA Signs Agreement to Sell 100% in Fata Assicurazioni Danni SpA to Societa Cattolica di Assicurazione Sc
- Intesa Sanpaolo SpA Announces Completion of Offering of Ordinary Shares in Assicurazioni Generali SpA
- Intesa Sanpaolo SpA Announces Offering of Ordinary Shares in Assicurazioni Generali SpA
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