Generali Assicurazioni signed today with the Israeli Shlomo Eliahu, founder and controlling shareholder of the Eliahu Financial Group, a agreement that provides for the sale of the entire 69,1% stake of the Trieste group in Migdal Insurance and Financial Holdings, for the sum of 835 million euros.
From the operation a capital gain, on a consolidated basis, of approximately 103 million is expected. "The transaction - reads a note issued by Generali - will make it possible to increase the liquidity of the available capital, exiting a market which in recent years has no longer been the core of the Generali Group's development strategy, which it focused on geographical areas with high growth potential with low insurance penetration such as Eastern Europe, Asia and Brazil".
