CASS Societa Cattolica Di Assicurazione Scarl

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Share Name	Share Symbol	Market	Type
Societa Cattolica Di Assicurazione Scarl	BIT:CASS	Italy	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0.00	-

Generali Launches All-Share Tender for Cattolica After Crossing Minimum Threshold

29/10/2021 4:45pm

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By Joshua Kirby

Assicurazioni Generali SpA has launched an all-share tender offer for smaller rival Assicurazioni Cattolica SC after achieving the minimum stake threshold.

The Italian insurer said that as of Friday it had built a stake of more than 66.67% in Cattolica, crossing the threshold needed for a full takeover. Dow Jones Newswires reported Thursday that Generali's stake had reached around 54%.

The takeover, launched last month at a bid of EUR6.75 a share, has a value of around 1.18 billion euros ($1.38 billion). Prior to making the bid, Generali already held a stake of around 24% in Cattolica.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

October 29, 2021 11:30 ET (15:30 GMT)