Benetton’s Edizione mulls stake increase in Generali: sources

Industry:    2018-03-20

Edizione, the holding company of Italian entrepreneur family Benetton, is considering increasing its stake in insurer Generali (GASI.MI) from its current level of about 2 percent, two sources close to the matter said on Monday.

Italian financial daily Il Sole 24 Ore reported on Saturday that Edizione was considering raising its stake to as much as 5 percent, but that no final decision had been taken.

Buying 3 percent of Generali would cost around 740 million euros ($909 million) at current market prices.

print
Source: