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Financials

Italy's Generali to pay BTG Pactual $260 mln in settlement agreement over BSI

MILAN, June 11 (Reuters) - Italian insurer Assicurazioni Generali said on Thursday it reached a settlement agreement with Brazilian bank BTG Pactual, ending an arbitration for the sale of Swiss private bank BSI.

Generali said it would pay BTG Pactual 245 million Swiss francs ($260 million) as compensation and sale price adjustment, with a net impact of around 183 million euros ($207 million) on its first half results. ($1 = 0.9417 Swiss francs) ($1 = 0.8836 euros) (Reporting by Elisa Anzolin)

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