Generali has completed the sale of its Milan-based non-life insurance subsidiary TUA Assicurazioni to the German Allianz group.
The operation has a positive impact of approximately 50 million EUR (54.2 million USD) on the Italian insurer's net results.
For the record, Generali and Allianz signed an agreement [4] in October 2023 for a deal valued at 280 million EUR (303.5 million USD).
Links:
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[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Fitalie%2Fgenerali-finalizes-the-sale-of-tua-assicurazioni-to-allianz&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-209-march-2023
[4] https://www.atlas-mag.net/category/pays/italie/generali-cede-a-allianz-sa-filiale-tua-assicurazioni