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Assicurazioni Generali SpA to reach 100 pct GPH ownership


Monday, 28 Jul 2014 01:47pm EDT 

Assicurazioni Generali SpA:Says Generali will reach 100 pct of GPH ownership by Jan. 2015 following the option exercised by PPF for the disposal of its remaining 24 pct share, in line with the agreements signed on Jan. 8, 2013.GPH is the holding company operating in Central-Eastern Europe.The purchase of GPH’s outstanding share will be completed as per the terms previously announced to the market – a consideration of about 1,235 million euros.Generali today holds a 76 pct stake in the company with full management control.