Reported about 7 hours ago
UniCredit SpA has acquired a minority equity stake of approximately 4.1% in Assicurazioni Generali SpA, marking a noteworthy move in Italy's financial landscape. This investment, described as a purely financial one without strategic interests in Generali, comes as UniCredit continues to pursue other initiatives, including bids for Banco BPM SpA and investments in Commerzbank AG. The stake, valued at around €1.97 billion based on recent market figures, forms part of a broader trend of dealmaking activities within the Italian banking sector.
Source: YAHOO