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Assicurazioni Generali completes unit sale to ASR Nederland.

Global Banking News-February 6, 2018--Assicurazioni Generali completes unit sale to ASR Nederland

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Global Banking News - 06 February 2018

Assicurazioni Generali SpA has said that it has completed the sale of its entire shareholding in its Dutch business, Generali Nederland NV.

The firm's stake in the unit and its subsidiaries were sold to ASR Nederland NV, an insurance group based in Holland. Following the sale, the Generali Group is to remain active in the Netherlands through its Global Business Lines; Generali Employee Benefits, Generali Global Corporate & Commercial, Europ Assistance and Generali Global Health.

The firm has been selling off non-core business to enhance financial levels and also to meet regulatory requirements.

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Publication:Global Banking News (GBN)
Date:Feb 6, 2018
Words:139
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