Intesa-Generali deal 'risky and hugely complex': Bernstein

Any takeover deal struck between Intesa Sanpaolo and Generali
would be risky, hugely complex and face significant competition
issues, research firm Bernstein has said.
Bernstein analyst Thomas Seidl wrote in a note today that he was
"sceptical" whether a deal between the two parties would
materialise.
According to press reports, Italian bank Intesa would look to
buy Generali to sell off parts of the business to rivals, such as
Axa, Zurich or Allianz.
"In particular we question whether the toxic.