Italy's Generali not worried about takeovers thanks to core shareholders, strong capital [Reuters (UK)]
ASSICURAZIONI GENERLI ADR (ARZGY)
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Source: Reuters
Italy's Generali not worried about takeovers thanks to core shareholders, strong capital - Reuters 2 Min Read MILAN (Reuters) - Italy’s top insurer, Assicurazioni Generali ( GASI.MI ), said on Saturday it was confident of being able to rebuff a potential takeover bid, thanks to a “solid” group of core domestic shareholders and a strong capital and financial position. In answers to investors posted on its website ahead of next week’s annual general meeting, the insurer said it was “very solid from an operational and financial point of view as well as in terms of capital and governance”. Generali’s smaller market capitalisation has fuelled speculation in the past that it could become an acquisition target for larger rivals such as France’s AXA ( AXAF.PA ) or Switzerland’s Zurich Insurance ( ZURN.S ). Sources told Reuters last month that a parliamentary committee on security was looking into the ownership structure of Italy’s top financial groups with a focus on possible changes at
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