Brief: Generali To Sell Its Turkish Business
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
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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