GENERALI SAYS SIGNS AGREEMENT TO SELL FATA DANNI TO CATTOLICA FOR 179 MLN EUROS
By Editor
Nov 20, 2013 03:36 PM EST
Regions
Italy's Generali said on Wednesday it had signed an agreement to sell its Fata Assicurazioni Danni unit, which focuses on agricultural risks, for 179 million euros ($241 million).
The deal allows the Italian insurer to further strengthen its liquidity and capital position and improve its Solvency I ratio by 0.6 percentage points, Generali said in a statement.
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