(ANSA) – ROME, FEB 2 – UniCredit has reportedly opened a new front amid its takeover bid for Banco BPM and its stake in Commerzbank with an investment in Generali.
The lender has worked to build a 4% stake in top Italian insurer Generali, financial daily Il Sole 24 Ore has reported.
Well-informed sources said the lender had been working to build the small stake over time and there was nothing strategic behind the operation.
A UniCredit spokesperson said the lender “is focusing on the two operations Commerz and Banco BPM”. (ANSA).
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The lender has worked to build a 4% stake in top Italian insurer Generali, financial daily Il Sole 24 Ore has reported.
Well-informed sources said the lender had been working to build the small stake over time and there was nothing strategic behind the operation.
A UniCredit spokesperson said the lender “is focusing on the two operations Commerz and Banco BPM”. (ANSA).
Read article…
