Generali Eyeing Potential $11 Billion Takeover Deals, Bloomberg Reports
-- Generali is exploring potential takeovers as part of its growth strategy, with some valued at more than EUR10 billion ($10.9 billion), Bloomberg reports, citing unnamed sources.
-- With a market capitalization nearing EUR35 billion, the Italian insurer is considering targets valued at no more than half of its own stock value, Bloomberg reports.
-- The planned takeover centers around Generali's core European markets with Aviva, Uniqa Insurance Group, Aegon, Ageas, Baloise Holding, Ergo Group, Mapfre and Vienna Insurance Group all potential targets although no formal talks or negotiations have taken place yet, according to Bloomberg.
-- Generali declined to comment when approached by Dow Jones Newswires.
Full story: https://bit.ly/49FGaSo
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
March 06, 2024 12:57 ET (17:57 GMT)
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