UniCredit Increases Stake in Generali to 8.72%
UniCredit has increased its stake in Italian insurer Generali to 8.72%, according to Generali chairman Andrea Sironi. The move comes amid ongoing consolidation in Italy's financial sector and follows previous plans by UniCredit to reduce its position. The holding is described as a financial investment with an attractive return.
Tickers: $ASG
Topics: consolidation financial investment Generali Mediobanca MPS shareholding UniCredit