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Assicurazioni Generali SpA (GASI.MI)

GASI.MI on Milan Stock Exchange

14.78EUR
24 Apr 2017
Change (% chg)

€0.53 (+3.72%)
Prev Close
€14.25
Open
€14.73
Day's High
€14.87
Day's Low
€14.64
Volume
14,369,101
Avg. Vol
9,886,970
52-wk High
€16.00
52-wk Low
€9.76

Latest Key Developments (Source: Significant Developments)

Mediobanca CEO says Intesa, Generali tie-up only speculation
Thursday, 9 Feb 2017 03:37am EST 

Mediobanca Chief Executive Alberto Nagel says in a post-results call: idea of Intesa SanPaolo tie-up with insurer Generali is only speculation and hypothesis, we do not base our business on this Further company coverage: [MDBI.MI] [ISP.MI] [GASI.MI] (Reporting by Milan newsroom).  Full Article

Mediobanca sticking to plan to sell 3 pct of Generali - CEO
Thursday, 9 Feb 2017 02:44am EST 

The CEO of Mediobanca Alberto Nagel says in a call with journalists on second-quarter results: confirms plan to sell 3 percent of its stake in insurer Generali over plan period to remain with 10 percent stake . Mediobanca has always supported growth at Generali through mergers and acquisitions and will continue to do so, though acquisitions must offer returns . has no sign of any of the bank's shareholders wanting to pull out, the bank has good relations with UniCredit . expects a positive second half of its financial year, confirms dividend policy . believes 20 billion euro state rescue fund for banks is enough and will stabilise the sector . given the size of Italy's bad loan problem, the Atlante fund runs the risk of a low probability of success Further company coverage: [MDBI.MI] (Reporting by Milan newsroom).  Full Article

Intesa chairman: there's nothing from which Generali needs to defend itself
Tuesday, 7 Feb 2017 04:53am EST 

Intesa Sanpaolo Chairman Gian Maria Gros-Pietro tells reporters: there is nothing from which Generali needs to defend itself . if bank decides to proceed with Generali tie-up, will communicate it Further company coverage: [ISP.MI] [GASI.MI] (Reporting by Milan newsroom).  Full Article

Intesa CEO says assessment on possible Generali move will take all time it needs
Friday, 3 Feb 2017 08:45am EST 

Intesa Sanpaolo Chief Executive Carlo Messina tells analysts in a post-results conference call: assessment on possible Generali tie-up will take all the time it needs . bank still assessing if possible tie-up with Generali fits with its strategic priorities . bank still in a position to pay 4 billion euros in dividends on 2017 results but given challenging conditions prefers to commit to 3.4 billion euro dividend payment . any M&A deal must be capital neutral, without applying any capital arbitrage including Danish compromise . any M&A deal would also have to respect commitment to pay 3.4 billion euros in dividends to Intesa shareholders on 2017 accounts Further company coverage: [ISP.MI] (Reporting by Milan newsroom).  Full Article

Intesa denies it is examining share swap offer for Generali
Thursday, 2 Feb 2017 10:54am EST 

Intesa Sanpaolo spokesman says: denies the bank is examining a share swap offer for insurer Generali Further company coverage: [ISP.MI] [GASI.MI] (Reporting by Milan newsroom).  Full Article

Intesa denies talk of weekend special board meeting on Generali
Thursday, 2 Feb 2017 05:33am EST 

Intesa Sanpaolo: spokesman categorically denies press speculation of an extraordinary board meeting being convened at the weekend on a possible bid for insurer Generali Further company coverage: [ISP.MI][GASI.MI] (Reporting by Milan newsroom).  Full Article

Generali shares up 1.67 pct in early market trade
Thursday, 26 Jan 2017 03:05am EST 

Assicurazioni Generali: shares rise 1.67 percent in early trade . Intesa SanPaolo up 1.65 percent, Mediobanca up 1.2 percent Further company coverage: [GASI.MI] [ISP.MI] [MDBI.MI] (Reporting by Milan newsroom).  Full Article

Generali held 3.376 stake in Intesa as of Jan 23-filing
Wednesday, 25 Jan 2017 12:21pm EST 

Assicurazioni Generali Spa : held 3.376 percent of Intesa Sanpaolo as of Jan. 23, according to a filing by market regulator Consob Further company coverage: [GASI.MI] [ISP.MI] (Reporting by Milan newsroom).  Full Article

SimCorp signs perpetual license agreement with Generali
Tuesday, 27 Dec 2016 04:08am EST 

SimCorp A/S : Said on Friday, Generali selected SimCorp Dimension as its new front-to-back investment management platform .Signed perpetual license agreement with Generali for its asset management company, Generali Investments, plus its insurance companies in Italy and France to use SimCorp Dimension as their new enterprise investment management solution.  Full Article

Mediobanca CEO says cutting Generali stake below 10 pct an option
Thursday, 17 Nov 2016 02:40am EST 

Mediobanca Chief Executive Alberto Nagel tells media call: Reducing stake in Assicurazioni Generali below 10 percent could be an option if it creates value for the bank . Targets small or medium-large sized acquisitions of fee-generating businesses, not only in wealth management but also in specialty finance such as factoring or in the non-performing loan business . Could buy targets similar to Cairn Capital abroad, in Italy it targets strengthening wealth management's distribution network by boosting the sales force . Not inclined to carry out single big acquisition though it may review this approach if an opportunity arises Further company coverage: [MDBI.MI] (Reporting by Milan Newsroom).  Full Article

More From Around the Web

BRIEF-De Agostini CEO says to keep Generali stake steady at 1.7 pct for now

* De Agostini group CEO Lorenzo Pellicioli says to keep its 1.7 percent stake in the insurer steady for now Further company coverage: (Reporting by Milan newsroom)