Unicredit reveals in Italy a 4.1 % stake in General

The Italian Bank Unicredit has revealed that 4.1 % in its country is Assicurazioni Generali, an insurance group.

The Milan -based bank, Milan, described the share as a “pure financial investment”, with a focus that it has no strategic interest in the insurance company.

This share is said to have a “small effect” on the percentage of the common capital of the 1 (CET1).

The Italian lender emphasized that “it is still fully focused on the continuous implementation of the unbelievable Unicredit, the tender display on Banco BPM and investment in Commerzbank.”

In addition, another 0.6 % unicredit has Geneeri shares, which are associated with regular customer services and related hedge activities.

The value of the newly acquired unicredit share in Generyi is estimated at about 1.97 billion euros, I mentioned Bloomberg.

The main investors of Generaali Mediobanca include Italian and SYCOOns such as Francesco Gaetano Caltagirone and the old family, who also participate in Banca Monte Dei Paschi from the Sienaa show for Mediobanca, highlighted the news agency.

Last month, General concluded an inconsistent agreement with BPCE for France to integrate their asset management operations.

The joint project will manage approximately 1.9 million euros in assets, with both companies equal shares.

As for unicredit, you will continue the latest step -by -making step, which aims to enhance its competitive position in Italy.

Italian banking giant I started a great show for the local competitor Banco BPM in November 2024.

It was followed by unicredit’s High share In Commerzbank to 28 % of 21 %, which Germany opposed it on the basis of being “uncomfortable and unobstructed”.

“Italy Unicredtt reveals a 4.1 % stake in a general” was originally created and published Banker Retail InternationalThe brand owned by Globaldata.

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