MILAN (Reuters) - Italy’s top insurer Generali (GASI.MI) has bought Polish asset manager Union Investment TFI, to strengthen its position in Central and Eastern Europe.
The insurer bought a 100 percent stake of the company, whose asset under management amount to 3.3 billion euros ($3.8 billion), Generali said in a statement.
The value of the transaction was not disclosed.
($1 = 0.8712 euros)
Reporting by Giulio Piovaccari