(ABM FN-Dow Jones) Italian insurer Generali has, as part of its growth plans, made an analysis of potential takeover candidates. Bloomberg news agency wrote this on Wednesday based on sources.
Generali have identified more than half a dozen takeover targets. According to Bloomberg, Aviva, Uniqa and the Dutch NN Group are on the list. The Italians would not want to do a hostile takeover.
Generali has a market capitalization of almost 35 billion euros and would only look at parties that are worth less than half of this. NN is worth approximately 11 billion euros.
Other names on Generali’s list include Dutch Aegon and Belgian Ageas, as well as Ergo Group, Mapfre and Vienna Insurance Group.
A spokesperson for Generali declined to comment to Bloomberg.
Update: to add more names.
Source: ABM Financial News ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms as well as for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.
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2024-03-07 08:29:00
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