UniCredit: takes 4.1% stake in Generali
(CercleFinance.com) - On Sunday UniCredit announced that it now holds a stake of around 4.
1% in the Italian insurer Generali's capital, acquired through recent purchases of shares on the market.
The transalpine banking giant refers to a "pure financial investment", with only a "negligible" impact on its common equity tier one (CET1) ratio.
The group says it holds an additional stake of around 0.6% in Generali on behalf of its clients and in the form of hedging instruments.
UniCredit says it has no strategic interest in Generali, and intends instead to focus on the public offer for Banco BPM and its investment in German bank Commerzbank.
Listed on the Milan Stock Exchange, UniCredit shares were down 0.6% on Monday morning following these announcements, while Generali shares were up 1.2%, posting one of the best performances on the STOXX Europe 600 index.
This investment is part of the chess game currently being played in Italy around the recomposition of the financial landscape, commented analysts at Allinvest Securities this morning.
UniCredit is looking to acquire Banco BPM, while Generali would like to merge its asset management activities with those of BPCE, and Montepaschi would like to take over Mediobanca, the broker says.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
1% in the Italian insurer Generali's capital, acquired through recent purchases of shares on the market.
The transalpine banking giant refers to a "pure financial investment", with only a "negligible" impact on its common equity tier one (CET1) ratio.
The group says it holds an additional stake of around 0.6% in Generali on behalf of its clients and in the form of hedging instruments.
UniCredit says it has no strategic interest in Generali, and intends instead to focus on the public offer for Banco BPM and its investment in German bank Commerzbank.
Listed on the Milan Stock Exchange, UniCredit shares were down 0.6% on Monday morning following these announcements, while Generali shares were up 1.2%, posting one of the best performances on the STOXX Europe 600 index.
This investment is part of the chess game currently being played in Italy around the recomposition of the financial landscape, commented analysts at Allinvest Securities this morning.
UniCredit is looking to acquire Banco BPM, while Generali would like to merge its asset management activities with those of BPCE, and Montepaschi would like to take over Mediobanca, the broker says.
Copyright (c) 2025 CercleFinance.com. All rights reserved.