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Assicurazioni Generali SpA (GASI.MI)

GASI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Italy's Generali To Sell Ireland's PanEurope, With Gain Of 56 Mln Euros
1:33am EST 

Dec 18 (Reuters) - Italy's biggest insurer Generali says::TO SELL IRELAND-BASED GENERALI PANEUROPE, TO RECEIVE TOTAL CASH PROCEEDS OF 286 MILLION EUROS ($336.48 MILLION) AT CLOSING OF DEAL.POTENTIAL DEFERRED CONSIDERATION OF UP TO 10 MILLION EUROS TO BE PAID 12 MONTHS AFTER CLOSING.SALE WILL ADD APPROXIMATELY 0.4 PERCENTAGE POINTS TO THE GROUP'S REGULATORY SOLVENCY II RATIO, EXPECTED TO GENERATE POST-TAX GAIN OF APPROXIMATELY 56 MILLION EUROS.EXPECTS TO FINALISE SALE OF GENERALI PANEUROPE DURING THE FIRST HALF OF 2018."DEAL PART OF ONGOING EFFORTS TO RATIONALIZE GROUP'S GEOGRAPHICAL FOOTPRINT", SAYS CEO GLOBAL BUSINESS LINES & INTERNATIONAL FREDERIC DE COURTOIS IN STATEMENT.  Full Article

Generali says to take decision on Generali Leben in near future
Wednesday, 29 Nov 2017 09:00am EST 

Nov 29 (Reuters) - Generali says::Generali Leben will stop new business production in the first part of 2018, and will focus on managing of the current contracts till their expiration.Will manage transition by leveraging on internal knowledge or through collaborating with specialized operators that have already successfully implemented this expertise.A decision will be made in the near future and will take into consideration the financial aspects as well as the interests of our customers and our sales network.  Full Article

Mediobanca CEO reiterates plans to sell 3 pct or more of Generali stake
Friday, 27 Oct 2017 08:41pm EDT 

Oct 28 (Reuters) - Mediobanca CEO Alberto Nagel says at a shareholder meeting::reiterates plans to sell 3 percent or more of its holding in Italian insurer Generali, either via a private or market placement, if opportunities come up to invest elsewhere.  Full Article

Mediobanca CEO: base scenario is sale of 3 pct Generali stake, but open to other options
Friday, 27 Oct 2017 01:55am EDT 

Oct 27 (Reuters) - Mediobanca CEO Alberto Nagel tells reporters in a call after Q1 results: :base scenario is to cut stake in Generali to 10 percent from 13 percent during plan, but we are open to other options.sees no room to review strategic plan early .sees positive mood from foreign investors, particularly U.S. investors, towards European banks, hopes Carige's capital increase <<>> will be completed successfully .  Full Article

ASR Nederland ‍acquires Generali's Dutch operations​
Wednesday, 13 Sep 2017 01:13am EDT 

Sept 13 (Reuters) - Asr Nederland Nv :‍ACQUIRES GENERALI'S DUTCH OPERATIONS​.‍A.S.R. EXPECTS ACQUISITION TO RESULT IN EFFICIENCIES OF SCALE AND CAPITAL GAINS.​.ACQUISITION PRICE AMOUNTS TO EUR 143 MILLION.‍ACQUISITION PRICE AMOUNTS TO EUR 143 MILLION; A.S.R. WILL PAY ACQUISITION PRICE IN CASH​.‍A.S.R.'S CAPITAL POSITION IS STRONG ENOUGH TO ABSORB ACQUISITION OF GENERALI NEDERLAND AND TO MAINTAIN A ROBUST SOLVENCY RATIO.​.‍A.S.R. EXPECTS TOTAL CAPITAL COMMITMENT (INCLUDING ACQUISITION PRICE) TO AMOUNT TO APPROXIMATELY EUR 200​.TO COMPLETE ACQUISITION IN Q1 OF 2018.‍CONTRIBUTION OF GENERALI NEDERLAND TO NET OPERATING RESULT WILL AMOUNT TO APPROXIMATELY EUR 30 MILLION​.‍A.S.R.'S CAPITAL POSITION IS STRONG ENOUGH TO ABSORB ACQUISITION OF GENERALI NEDERLAND AND TO MAINTAIN A ROBUST SOLVENCY RATIO​.‍A.S.R. AND GENERALI NEDERLAND EXPECT TO COMPLETE ACQUISITION IN Q1 OF 2018​.‍OPERATIONS OF GENERALI NEDERLAND WILL BE TRANSFERRED TO A.S.R. OVER COURSE OF 2018​.‍GENERALI NEDERLAND'S INSURANCE POLICIES WILL BE TRANSFERRED TO A.S.R. LABELS AS SOON AS POSSIBLE​.‍OPERATIONS WILL BE FULLY INTEGRATED INTO A.S.R. IN A GRADUAL PROCESS WHICH IS EXPECTED TO BE COMPLETED BY 2020 AT LATEST​.‍EXPECTED RETURN ON INVESTMENT ON THIS TRANSACTION WILL BE >12%.​.  Full Article

Generali agrees sale of business in Panama for $172 mln
Monday, 7 Aug 2017 12:28pm EDT 

Aug 7 (Reuters) - Assicurazioni Generali says: :agrees sale of business in Panama for $172 million.will sell asset to ASSA Compania de Seguros, a leading insurance player in the region.  Full Article

Mediobanca CEO says group's reshaping involves several small M&A deals a year
Friday, 4 Aug 2017 02:27am EDT 

Aug 4 (Reuters) - Mediobanca CEO Alberto Nagel says in conference call on full-year results::the bank could sell stakes it holds in other companies, including insurer Generali, if deemed necessary to boost growth.reshaping of group involves several small M&A operations a year, does not exclude bigger acquisitions in future.  Full Article

UniCredit won't up 2019 capital target despite strong Q2 given headwinds ahead - CEO
Thursday, 3 Aug 2017 05:23am EDT 

Aug 3 (Reuters) - UniCredit Chief Executive Jean-Pierre Mustier tells analysts on a conference call::confirms CET 1 ratio target of above 12.5 percent in 2019 .asked about why the bank wasn't raising the target given good performance in second quarter, says regulatory headwinds are expected during plan timeframe.  Full Article

UniCredit CEO says happy for bank to remain Mediobanca investor
Thursday, 3 Aug 2017 05:05am EDT 

Aug 3 (Reuters) - UniCredit Chief Executive Jean-Pierre Mustier tells analysts on a conference call: :happy for bank to remain shareholder of Mediobanca and to participate in renewal of shareholders pact, sale of stake would be capital negative now.when asked about Generali, says supports the existence of large, independent insurance companies in Italy .2017 targets unchanged except for lower cost of risk forecast, confident about meeting goals of business plan to 2019.  Full Article

Generali's stake in Monte Paschi won't be strategic - CEO
Wednesday, 2 Aug 2017 06:16am EDT 

Aug 2 (Reuters) - Assicurazioni Generali::CEO Philippe Donnet says the stake it will have in lender Banca Monte dei Paschi di Siena after bond conversion will not be strategic, interested in maximising value.Generali CFO says investment in bank rescue fund Atlante has been written down "close to zero".  Full Article

EU mergers and takeovers (Dec 13)

BRUSSELS, Dec 13 The following are mergers under review by the European Commission and a brief guide to the EU merger process: