/cloudfront-us-east-2.images.arcpublishing.com/reuters/ATP5ZUFXOVMJ5CCPPVBOT3VVYE.jpg "Generali to purchase remaining Cattolica shares at 6.75 euros every")
[ad_1]
The Generali brand is seen in Milan’s CityLife district, Italy November 5, 2018. REUTERS/Stefano Rellandini/File Photograph
Register now for FREE limitless entry to Reuters.com
MILAN, July 6 (Reuters) – Generali (GASI.MI) stated on Wednesday that market regulator Consob had set a worth of 6.75 euros per share for Italy’s main insurer to purchase Cattolica shares it doesn’t already personal following its buyout of the smaller rival.
Generali stated it anticipated to spend as much as 84.7 million euros to purchase Cattolica’s remaining shares.
As of July 1, Generali held 94.71% of Cattolica.
Register now for FREE limitless entry to Reuters.com
Reporting by Francesca Landini; enhancing by Valentina Za
Our Requirements: The Thomson Reuters Belief Rules.
[ad_2]
Supply hyperlink