Generali Increases Stakes in Indian Joint Ventures
31 Diciembre 2018 - 7:58AM
Noticias Dow Jones
By Pietro Lombardi
Assicurazioni Generali SpA (G.MI) has finalized the deal to
increase its stakes in India's Future Generali insurance joint
ventures to 49% from 25.5%, it said Monday.
"Through this transaction Generali has committed up to
approximately 120 million euros ($137.3 million) to the
partnership," the insurance giant said.
The deal was announced on June 26.
"The new Generali strategy is focusing on high potential
insurance markets: India will play a significant role in our
expansion plan in Asia," the company's CEO International, Jaime
Anchustegui Melgarejo, said in a statement.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
December 31, 2018 08:43 ET (13:43 GMT)
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