European Commission approves Allianz's acquisition of Tua Assicurazioni
The European Commission has given the green light to Allianz's acquisition of Tua Assicurazioni, the non-life subsidiary of the Generali Group.
The transaction does not raise any competition concerns, according to the Commission.
For the record, Generali and Allianz signed an agreement in 2023 for a transaction valued at 280 million EUR (306.6 million USD). The acquisition is expected to be finalized in the first quarter of 2024.
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Wed, 20/12/2023 - 16:46
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