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Generali makes 143 mln-euro capital gain with Banca Generali sale
April 4, 2013 / 8:27 AM / in 5 years

Generali makes 143 mln-euro capital gain with Banca Generali sale

MILAN, April 4 (Reuters) - Europe’s third-largest insurer Generali said on Thursday the sale of a 12 percent stake in its asset management unit Banca Generali generated a capital gain of 143 million euros.

This translates into an increase in the group’s Solvency I ratio of 1.5 percentage points, Generali said in a statement. (Reporting by Francesca Landini, editing by Jennifer Clark)

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