Deals

Generali enters exclusive talks to buy Credit Agricole's La Medicale

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A Credit Agricole logo is seen outside a bank office in Reze near Nantes, France, May 12, 2021. REUTERS/Stephane Mahe

Nov 24 (Reuters) - Generali (GASI.MI) entered into exclusive talks with Credit Agricole (CAGR.PA) to buy the French bank's health insurance unit La Medicale, both companies said in a joint statement on Wednesday.

The transaction, which is set to be completed mid-2022, would go along the sale by Predica to Italy's top insurer of the death coverage portfolio commercialised by La Medicale.

Created in 1948, La Medicale specialises in insuring health professionals.

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Reporting by Juliette Portala, editing by Tassilo Hummel

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