Generali To Draw Interest For 2 Divisions On Sale - Report
August 31 2012 - 3:08AM
Dow Jones News
Italian insurer Assicurazioni Generali SpA (G.MI) will likely
receive expressions of interest for two divisions it has put up for
sale, including Generali USA Life Reassurance Company and BSI SA,
according to a report in Italian daily Il Messaggero Friday.
Generali is likely to receive an expression of interest from
Germany's Munich RE (MUV2.XE) for its U.S. division, Generali USA
Life Reassurance, the report says without identifying its
sources.
Its Swiss division, BSI SA, meanwhile, has generated interest
from two Singapore sovereign wealth funds, Government of Singapore
Investment Corp. and Temasek, it says.
Generali's advisors are busy working to get formal expressions
of interest from these parties, it adds.
Based in Trieste, Italy, Generali wasn't immediately available
for comment.
Newspaper website: www.ilmessaggero.it
Write to Gilles Castonguay at gilles.castonguay@dowjones.com;
Twitter: @GRCastonguay
.
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