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Assicurazioni Generali SpA (GASI.MI)

GASI.MI on Milan Stock Exchange

9 Dec 2016
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€-0.38 (-2.64%)
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Tue, Nov 29 2016

GLOBAL MARKETS-Stocks firm, oil sags on doubts over supply deal

* Dollar falls; low-rated euro zone bond yields fall (Updates market action, changes dateline, previous LONDON)

BRIEF-Generali says to convert Monte dei Paschi bonds into equity

* Board gave favourable opinion to conversion of Monte dei Paschi subordinated debt into equity and mandated CEO to proceed

Generali to exit weaker markets, cut costs

MILAN/LONDON Italy's biggest insurer Generali is looking to raise at least 1 billion euros ($1.06 billion) by selling businesses in unattractive markets and is to cut costs in an effort to boost profit and capital.

UPDATE 4-Generali to exit weaker markets, cut costs

* Shares among worst performers in STOXX 600 (Adds CFO comments, shares)

BRIEF-Generali focuses on Monte dei Paschi debt conversion rather than new Italy rescue fund - CEO

* CEO Philippe Donnet says Generali won't simultaneously convert Monte dei Paschi debt and invest in Italy's new bank loan fund Atlante 2

BRIEF-Generali close to appointing Italy country head - CEO

* CEO Philippe Donnet says Generali is close to appointing a country manager for Italy

BRIEF-Generali interested in add-on buys but in no rush to finalise deals - CEO

* CEO Philippe Donnet says Generali is interested in small and mid-market companies that are easy to integrate and operate in markets where Generali is already a strong player

BRIEF-Assicurazioni Generali has no plan to trim stake in Banca Generali - CEO

* CEO Philippe Donnet says Banca Generali is performing well and remains a core strategic asset

BRIEF-Generali sees headcount reduction in some areas by natural attrition

Nov 23 Assicurazioni Generali CEO Philippe Donnet says:

BRIEF-Generali CEO says idea of 8,000 job cuts "does not exist"

Nov 23 Philippe Donnet, CEO of Assicurazioni Generali, says:

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