Trieste – Assicurazioni Generali SpA, through its subsidiaries, has entered into a binding agreement with Athora Holding Ltd. to sell its entire stake in Generali Belgium SA, an insurance company primarily focused on the life segment. The transaction is part of the Group’s overall strategy to optimize its geographical footprint and to improve its operational efficiency and capital allocation.
According to the agreement, Generali will receive €540 million as an initial consideration for the sale of its stake that will be subject to certain customary adjustments at closing of the transaction in line with market practice.