US EditionBPCE and Generali jointly agree to end negotiations related to the establishment of a Joint Venture in Asset Management
8 Articles
8 Articles
At a board of directors this Thursday, BPCE, owner of Natixis, acted on the end of the discussions with the Italian insurance giant to join forces in asset management.
The European merger in asset management, which the Generali is aiming for, has broken down: the Italian insurer and the French BPCE Group have stopped their talks on joint asset management, as both sides have announced. The fact that the asset management units Generali Investment Holdings and Natixis do not meet is due to political resistance in Rome. For Generali CEO Philippe Donnet, the cancelled merger is a serious blow. The contribution Gene…
Italian insurer Generali and French bank BPCE announced on Thursday that they were suspending talks to merge their asset management businesses because the conditions necessary for an agreement were not met, Reuters reports.
The Italian insurer Generali and the French bank Banque Populaire Caisse d'Epargne (BPCE) have abandoned their plans to merge the asset managers Generali Investment Holdings and Natixis. Both groups announced this on Thursday. The project was useful from an industry point of view, but the conditions for a final agreement were not given. Thus, the two sides referred to the government in Rome, which vehemently opposed the merger. https://versicher…
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