Generali to become 100% shareholder in Generali China in EUR99mn deal
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Generali to become 100% shareholder in Generali China in EUR99mn deal

Generali logo boardroom.jpg

Generali has agreed to acquire from CNPC Capital the 51% of Generali China Insurance Company that it does not already own for around EUR99mn ($108mn), taking its holding to 100%.

The deal follows a public auction process for the Chinese carrier.

Generali said the purchase is the final step in a long-term strategy to develop a fully owned and controlled GI business in China in a bid to capture a...

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