Italy's Cattolica Postpones EUR200 Million Capital Increase After Generali Bid
08 Junio 2021 - 12:33AM
Noticias Dow Jones
By Pietro Lombardi
Italian insurer Societa Cattolica di Assicurazione SpA said late
Monday that it would delay a planned 200 million euros ($243.8
million) capital increase to give its shareholders the opportunity
to consider Assicurazioni Generali SpA's takeover offer.
Last week, Generali, Italy's largest insurer, launched a EUR1.18
billion offer for its smaller peer and the suspension of the cash
call was among the conditions it set in the offer.
"This decision does not preclude or condition in any way the
right and duty of the Board of Directors to evaluate the Offer and
the fairness of the consideration proposed by Assicurazioni
Generali, in the interest of Cattolica and of all its
shareholders," Cattolica said.
Generali is already Cattolica's largest shareholder, with a
stake of about 24%.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
June 08, 2021 01:27 ET (05:27 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Generali (BIT:G)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Generali (BIT:G)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
