Societa Cattolica Di Assicurazione SpA logo

CASS - Societa Cattolica Di Assicurazione SpA News Story

€5.59 -0.1  -2.4%

Last Trade - 24/01/22

Sector
Financials
Size
Mid Cap
Market Cap £960.3m
Enterprise Value £1.60bn
Revenue £4.21bn
Position in Universe 159th / 737

BRIEF-Cattolica Assicurazioni Completes Sale To Intesa Sanpaolo Of Stake In Lombarda Vita For EUR 219.8 Mln

April 12 (Reuters) - Societa Cattolica di Assicurazione SpA
 CASS.MI :
    * COMPLETES SALE TO INTESA SANPAOLO OF STAKE IN LOMBARDA
VITA
    * FOLLOWING COMPLETION OF TRANSACTION, WILL REACH IAS/IFRS
PROFIT
OF OVER €100 MILLION IN 2021  FINANCIAL  STATEMENTS AND PROFIT
OF ABOUT €60 MILLION
    * GROUP SOLVENCY RATIO COULD FURTHER IMPROVE BY APPROX. 8
PP.
COMPARED TO FIGURE AT 31 DECEMBER 2020
    * AS ENVISAGED IN AGREEMENTS, BUYER PAID CATTOLICA TOTAL 
CONSIDERATION OF €219.8 MILLION

Source text for Eikon:  ID:nBIA4D4TxV 
Further company coverage:  CASS.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
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