Brief: Generali To Sell Its Turkish Business

Kiler Holding

17/09/2024 16:38

Sept 17 (Reuters) - Assicurazioni Generali SpA
 GASI.MI :​
    * GENERALI AGREES SALE OF ITS TURKISH BUSINESS 
    * SALE OF 42% STAKE TO KILER HOLDING, 9% TO EKOL GIRIŞIM
SERMAYESI
YATIRIM ORTAKLIĞI, 48% TO AREX YATIRIM HOLDING, 1% TO AREX
SIGORTA
    * CONTRIBUTION OF TURKISH BUSINESS TO GROUP’S OPERATING
RESULT WAS
NEGLIGIBLE, TRANSACTION TO GENERATE IMMATERIAL IMPACT ON
GENERALI’S SOLVENCY II
    * DEAL TO BE COMPLETED BY H1 2025

Further company coverage:  GASI.MI 

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