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Assicurazioni Generali SpA says Generali Deutschland Holding minorities squeeze-out concluded

Wednesday, 7 May 2014 01:14pm EDT 

Assicurazioni Generali SpA:Says that the minorities squeeze-out of Generali Deutschland Holding AG (GDH) approved by the extraordinary general meeting of GDH on Dec. 4, 2013 was registered on May 7 with the Commercial Register in Germany.By the registration of the shareholders’ resolution all the shares held by the minority shareholders in GDH were transferred to Assicurazioni Generali.The cash compensation granted to the minority shareholders is equal to 107.77 euros per share.The conclusion of the squeeze-out process will be followed shortly by the delisting of the Generali Deutschland Holding shares from the stock market.The acquisition process of the minorities of Generali’s German subsidiary is thus completed, and it is consistent with the aim of the Group to have the full control of all strategic business units.Thanks to this transaction, Generali will obtain operating synergies and tax efficiencies. 

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