March 19, 2018 / 1:53 PM / a month ago

Benetton's Edizione mulls stake increase in Generali: sources

MILAN (Reuters) - Edizione, the holding company of Italian entrepreneur family Benetton, is considering increasing its stake in insurer Generali (GASI.MI) from its current level of about 2 percent, two sources close to the matter said on Monday.

The Assicurazioni Generali logo is seen in downtown Milan, Italy, February 8, 2016. REUTERS/Stefano Rellandini/File Photo

Italian financial daily Il Sole 24 Ore reported on Saturday that Edizione was considering raising its stake to as much as 5 percent, but that no final decision had been taken.

    Buying 3 percent of Generali would cost around 740 million euros ($909 million) at current market prices.

    ($1 = 0.8141 euros)

    Reporting by Elisa Anzolin, Gianluca Semeraro; writing by Maria Pia Quaglia

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