Reported about 1 year ago
Assicurazioni Generali SpA is looking to sell its subsidiaries in Turkey and the Philippines, as part of its strategy to streamline operations and focus on core markets. The Italian insurer has initiated separate processes to divest Generali Sigorta AS in Istanbul and Generali Life Assurance Philippines, engaging with multiple potential buyers. Discussions are ongoing, but there is no guarantee of finalizing any transactions. The sales aim to enhance profitability and align with Generali's goal of achieving annual per share earnings growth for 2021-2024.
Source: YAHOO