EC approves Generali’s EUR1.2bn bid for controlling stake in Cattolica
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EC approves Generali’s EUR1.2bn bid for controlling stake in Cattolica

Samuel Casey
26 October 2021
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Generali has received authorization from the European Commission (EC) for its acquisition of a controlling interest in Società Cattolica di Assicurazione, a move that will cement its position in the Italian insurance market.

Generali made a EUR1.2bn ($1.4bn) offer for the shares of Cattolica that it does not already own in June in a bid to accelerate its move towards P&C business, a goal identified in its 2021 strategic plan.

The

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News Re/insurers M&A Generali
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Samuel Casey
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