Intesa abandons Generali acquisition plans

Italian bank Intesa Sanpaolo has decided not to pursue a
takeover of Generali after weeks of publicly weighing up a bid for
the Trieste-headquartered insurer.
Generali's stock fell 4.3 percent in early trading as
markets digested the news, taking the share price back to EUR13.49
- levels not seen since Intesa's interest in a carve-up of the
insurer first leaked to the Italian press just over a month
ago.
In its statement, Intesa said it had completed its assessment of...