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Generali parts way with its Belgian subsidiary

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Magazine Issue: 
The masters of Africa [3]
Magazine date: 
Apr 2018

Generali announced, on April 18, 2018, the sale of its Belgian subsidiary Generali Belgium to Athora Holding, a Bermuda-based insurance and reinsurance group.
The transaction, amounting to 540 million EUR (668.18 million USD), is part of a recovery plan initiated by the Italian insurer since 2016.

To date, Generali has sold more than 1.1 billion EUR (1.36 billion USD) of non-core assets, an amount that is more than the original target of generating a total of 1 billion EUR (1.24 billion USD).

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Mon, 23/04/2018 - 09:56

Source URL: https://www.atlas-mag.net/en/article/generali-parts-way-with-its-belgian-subsidiary

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