Asset management: Generali to acquire Conning Holdings Limited
Generali has acquired Conning Holdings Limited (CHL), the Taiwanese insurer Cathay Life's asset management company.
Under the terms of the transaction, Cathay Life's 100% stake in CHL will be transferred to Generali Investments Holding (GIH) in which Cathay Life will become a 16.75% minority shareholder.
Generali and Cathay Life will also enter into a long-term asset management partnership.
Pending regulatory approval, the deal is expected to be finalized during the first half of 2024.
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Mon, 10/07/2023 - 14:42
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