Mediobanca News

Generali’s Talks to Buy MetLife’s Europe Assets Stall over Price Differences: Sources

Italian insurer Assicurazioni Generali has held talks with U.S. rival MetLife Inc to buy the bulk of its European assets but discussions have stalled due to differences over price, four sources told Reuters. Generali, which ranks as Europe’s third biggest …

Generali Prepares to Make Formal Bid for MetLife’s European Assets: Sources

Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of talks, people with knowledge of the matter said. The Italian insurer has been finishing due diligence and aims to make …

Generali’s Results Prove It Has Right Strategy, Says Chairman

The good results Generali has racked up are proof that the insurer is well run and has the backing of shareholders, the group’s chairman Gabriele Galateri di Genola said on Tuesday. Generali became a target of speculation recently when Italian …

Mediobanca Pressed to Grow via M&A and Rely Less on Its Prized Asset, Generali

Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy. The 84-year-old billionaire bought a 7% stake in Mediobanca last month, stunning corporate Italy …

Major Generali Shareholder, Mediobanca, Pushed to Alter Strategy for Insurer

Eyewear tycoon Leonardo Del Vecchio on Wednesday urged Mediobanca to build up its investment banking business in a challenge to venerable merchant bank’s strategy, nearly a month after he snapped up a 7% stake that stunned corporate Italy. Del Vecchio …

Italy Regulators Conditionally Approve Unipol – Fondiaria-SAI Merger

Italy’s antitrust and insurance regulators have given conditional clearance for a plan by insurer Unipol to take over its loss-making peer Fondiaria-SAI, removing most of the regulatory hurdles hanging over the deal to create Italy’s No. 2 insurer. Unipol agreed …