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Assicurazioni Generali SpA to Acquire Entire Stake in GPH from PPF Group N.V.

Tuesday, 8 Jan 2013 02:00am EST 

Assicurazioni Generali SpA announced that it has reached an agreement to purchase in two stages the remaining 49% stake in GPH from PPF Group N.V. for a consideration that has been fixed at EUR 2,521 million. Assicurazioni Generali already holds a 51% stake in GPH. At the same time, GPH will sell to PPF Group its insurance operations in Russia, Ukraine, Belarus and Kazakhstan, in consumer finance insurance for EUR 80 million. GPH is one of the insurers in the Central and East European (CEE) market. The CEE region has become the Group’s fourth market after Italy, France and Germany. 

Company Quote

-0.18 -1.05%
19 Dec 2014