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Generali to Expand into CESEE Region

Published: January 8, 2013; 20:06 · (Vindobona)

The Italian insurance group wants to strengthen its market presence in central, east and southeast Europe. The minority stake in the Czech insurer PPF will be acquired.

Generali to Expand into CESEE Region / Picture: © Flickr

Generali will take over complete control over Generali PPF Holding. In total, the Italian insurance group acquires the 49% stake, which is being held by the Czech investor Petr Kellner. In total, Generali will pay € 2.5bn for the minority stake. The acquisition of a 25% stake is planned to take place at the end of March 2013. The remaining shares ill be acquired at the end of 2014.…

This article includes a total of 80 words.

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