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Assicurazioni Generali SpA (GASI.MI)

GASI.MI on Milan Stock Exchange

15.58EUR
11:37am EDT
Change (% chg)

€0.03 (+0.19%)
Prev Close
€15.55
Open
€15.59
Day's High
€15.69
Day's Low
€15.57
Volume
4,766,910
Avg. Vol
6,324,533
52-wk High
€16.08
52-wk Low
€10.50

Latest Key Developments (Source: Significant Developments)

ASR Nederland ‍acquires Generali's Dutch operations​
Wednesday, 13 Sep 2017 01:13am EDT 

Sept 13 (Reuters) - Asr Nederland Nv :‍ACQUIRES GENERALI'S DUTCH OPERATIONS​.‍A.S.R. EXPECTS ACQUISITION TO RESULT IN EFFICIENCIES OF SCALE AND CAPITAL GAINS.​.ACQUISITION PRICE AMOUNTS TO EUR 143 MILLION.‍ACQUISITION PRICE AMOUNTS TO EUR 143 MILLION; A.S.R. WILL PAY ACQUISITION PRICE IN CASH​.‍A.S.R.'S CAPITAL POSITION IS STRONG ENOUGH TO ABSORB ACQUISITION OF GENERALI NEDERLAND AND TO MAINTAIN A ROBUST SOLVENCY RATIO.​.‍A.S.R. EXPECTS TOTAL CAPITAL COMMITMENT (INCLUDING ACQUISITION PRICE) TO AMOUNT TO APPROXIMATELY EUR 200​.TO COMPLETE ACQUISITION IN Q1 OF 2018.‍CONTRIBUTION OF GENERALI NEDERLAND TO NET OPERATING RESULT WILL AMOUNT TO APPROXIMATELY EUR 30 MILLION​.‍A.S.R.'S CAPITAL POSITION IS STRONG ENOUGH TO ABSORB ACQUISITION OF GENERALI NEDERLAND AND TO MAINTAIN A ROBUST SOLVENCY RATIO​.‍A.S.R. AND GENERALI NEDERLAND EXPECT TO COMPLETE ACQUISITION IN Q1 OF 2018​.‍OPERATIONS OF GENERALI NEDERLAND WILL BE TRANSFERRED TO A.S.R. OVER COURSE OF 2018​.‍GENERALI NEDERLAND'S INSURANCE POLICIES WILL BE TRANSFERRED TO A.S.R. LABELS AS SOON AS POSSIBLE​.‍OPERATIONS WILL BE FULLY INTEGRATED INTO A.S.R. IN A GRADUAL PROCESS WHICH IS EXPECTED TO BE COMPLETED BY 2020 AT LATEST​.‍EXPECTED RETURN ON INVESTMENT ON THIS TRANSACTION WILL BE >12%.​.  Full Article

Generali agrees sale of business in Panama for $172 mln
Monday, 7 Aug 2017 12:28pm EDT 

Aug 7 (Reuters) - Assicurazioni Generali says: :agrees sale of business in Panama for $172 million.will sell asset to ASSA Compania de Seguros, a leading insurance player in the region.  Full Article

Mediobanca CEO says group's reshaping involves several small M&A deals a year
Friday, 4 Aug 2017 02:27am EDT 

Aug 4 (Reuters) - Mediobanca CEO Alberto Nagel says in conference call on full-year results::the bank could sell stakes it holds in other companies, including insurer Generali, if deemed necessary to boost growth.reshaping of group involves several small M&A operations a year, does not exclude bigger acquisitions in future.  Full Article

UniCredit won't up 2019 capital target despite strong Q2 given headwinds ahead - CEO
Thursday, 3 Aug 2017 05:23am EDT 

Aug 3 (Reuters) - UniCredit Chief Executive Jean-Pierre Mustier tells analysts on a conference call::confirms CET 1 ratio target of above 12.5 percent in 2019 .asked about why the bank wasn't raising the target given good performance in second quarter, says regulatory headwinds are expected during plan timeframe.  Full Article

UniCredit CEO says happy for bank to remain Mediobanca investor
Thursday, 3 Aug 2017 05:05am EDT 

Aug 3 (Reuters) - UniCredit Chief Executive Jean-Pierre Mustier tells analysts on a conference call: :happy for bank to remain shareholder of Mediobanca and to participate in renewal of shareholders pact, sale of stake would be capital negative now.when asked about Generali, says supports the existence of large, independent insurance companies in Italy .2017 targets unchanged except for lower cost of risk forecast, confident about meeting goals of business plan to 2019.  Full Article

Generali's stake in Monte Paschi won't be strategic - CEO
Wednesday, 2 Aug 2017 06:16am EDT 

Aug 2 (Reuters) - Assicurazioni Generali::CEO Philippe Donnet says the stake it will have in lender Banca Monte dei Paschi di Siena after bond conversion will not be strategic, interested in maximising value.Generali CFO says investment in bank rescue fund Atlante has been written down "close to zero".  Full Article

Talanx strengthens Latin America business with acquisitions
Wednesday, 19 Jul 2017 12:04pm EDT 

July 19 (Reuters) - Talanx AG :Says acquisition in Colombia strengthens Latin American business.Says acquiring more than 90 percent of Generali Colombia Seguros Generales S.A. shares at price of around 30 million euros.Says transaction is expected to close by end of year.  Full Article

Monte dei Paschi won't pay divided during 2017-21 plan period - CEO
Wednesday, 5 Jul 2017 06:31am EDT 

July 5 (Reuters) - Italy's Monte Dei Paschi Chief Executive Marco Morelli tells journalist during a press conference in Milan: :does not see dividend in plan period.  Full Article

Generali to have "important" presence in Monte dei Paschi after bond conversion - MPS CEO
Wednesday, 5 Jul 2017 06:04am EDT 

July 5 (Reuters) - Banca Monte Dei Paschi Di Siena CEO Marco Morelli tells journalists during a press conference: :insurer Generali will have "important" presence in bank after bond conversion.sees relisting of bank's shares "ideally" in second half of September.  Full Article

Former Generali CFO takes on as Cattolica's new CEO
Thursday, 1 Jun 2017 08:49am EDT 

June 1 (Reuters) - Italian insurer Cattolica Assicurazioni::Names Alberto Minali, former chief financial officer at rival Assicurazioni Generali, as new chief executive .  Full Article

Mediobanca may consider using Generali stake to help fund large acquisition

MILAN, Sept 20 Mediobanca may consider placing its 13 percent stake in insurer Generali in a vehicle open to other investors if it needed cash to fund a large acquisition, a spokeswoman at the Italian investment bank said.