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Brief: Assicurazioni Generali To Sell Irish, Northern Irish P&C Operations For EUR 337 Mln

March 9 (Reuters) - Assicurazioni Generali SpA GASI.MI:

AGREES SALE OF ITS IRISH AND NORTHERN IRISH P&C OPERATIONS

SALE PRICE IS €337 MILLION IN CASH, SUBJECT TO ADJUSTMENTS

GENERALI SPAIN TO RETAIN €51 MILLION OF EXCESS CAPITAL FROM IRISH P&C OPERATIONS

TRANSACTION WILL HAVE AN IMMATERIAL IMPACT ON GROUP’S ADJUSTED EPS AND AROUND +1P.P. ESTIMATED IMPACT ON GROUP’S SOLVENCY II RATIO

Further company coverage: GASI.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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