Banco BPM set to buy out Covea from joint insurance venture
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Banco BPM set to buy out Covea from joint insurance venture

Rachel Dalton
12 April 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Milano, 2015 panoramic skyline with Italian Alps on Background

Italian lender Banco BPM is to exercise its option to buy out Covea’s share of the pair’s joint venture insurance company Bipiemme Vita.

In a statement, Banco BPM said it was poised to buy Covea’s 81% stake in life insurer Bipiemme Vita, which in turn owns the entire share capital of non-life carrier Bipiemme Assicurazioni.

Banco

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsM&A
rachel dalton 2024 ii red 2.png
Rachel Dalton
Lead Reporter
Contact
Gift this article