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Generali to become majority shareholder of Future Generali India Insurance and Future Generali India Life

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Magazine Issue: 
Insurance: the new trends [3]
Magazine date: 
Jan 2022

GeneraliGenerali has become the majority shareholder of its life and non-life joint ventures in India.

The Italian group has acquired 25% of the capital of its non-life subsidiary Future Generali India Insurance (FGII) from Future Group. The transaction was valued at 145 million EUR (163.6 million USD).

The insurer has also bought the entire 16% stake of Industrial Investment Trust in Future Generali India Life (FGIL) for 26 million EUR (29.3 million USD).

Generali now holds 74% of FGII's capital and 68% of FGIL's.

Both transactions are still pending the approval of the competent authorities.

Read also | Growth prospects for the Indian insurance market [4]

Fri, 28/01/2022 - 16:27

Source URL: https://www.atlas-mag.net/en/article/generali-to-become-majority-shareholder-of-future-generali-india

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-187-january-2022
[4] https://www.atlas-mag.net/en/article/growth-prospects-for-the-indian-insurance-market