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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Generali Ass | BIT:G | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.23 | 0.93% | 24.83 | 24.83 | 24.84 | 24.90 | 24.69 | 24.72 | 1,910,838 | 14:26:29 |
From May 2019 to May 2024
By Giovanni Legorano
ROME--Italian insurer Assicurazioni Generali SpA (G.MI) said Tuesday it sold a 3.04% stake in Intesa Sanpaolo SpA (ISNPY, ISP.MI) , an exposure it had built to block a potential takeover from the lender.
Generali also said it terminated a derivative transaction it had entered into to hedge the risk related to shares in Intesa.
In January, the insurer had emerged as a potential acquisition target after Intesa said it was weighing a tie-up with Generali, a prospect it abandoned a month later.
Write to Giovanni Legorano at giovanni.legorano@wsj.com
(END) Dow Jones Newswires
May 30, 2017 12:50 ET (16:50 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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