06-02-2017 09:17 via insuranceinsider.com

Generali 'to discuss Intesa holding': report

Italian carrier Generali is due to hold a meeting today to
discuss its 3 percent stake in potential acquirer Intesa Sanpaolo,
Reuters reported.
The company's investment committee is set to consider how to
maintain its stake in the bank, the news agency said, citing a
source familiar with the matter.
On 23 January Generali purchased a 3.01 percent stake in Intesa
valued at EUR1.02bn ($1.09bn) in a manoeuvre seen as defensive.
Under Italian law, the move effectively blocks Intesa from...
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