Finance
UniCredit Takes 4% Generali Stake in Latest Italian Dealmaking
The Generali skyscraper seen from the UniCredit SpA headquarters in Milan.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
UniCredit SpA built a minority equity stake in Assicurazioni Generali SpA, adding to a flurry of dealmaking in the Italian financial sector.
The Milan-based lender disclosed a stake of around 4.1% in Italy’s biggest insurer, according to a statement on Sunday, confirming earlier press reports. The holding represents a “pure financial investment.”