The first of October Generali He Completed the merger of the insurance companies controlled in Portugal. The process had been launched after the acquisition of Seguradoras Unidas, which took place in early January.
In detail, the Lion explains in a note that Seguradoras Unidas has incorporated Generali Companhia de Seguros e Generali Vida Companhia de Seguros. The merged company was renamed Generali Seguros.
“All the approvals required for the transaction were successfully obtained by the regulator in four months – reads the note – allowing Generali to rapidly proceed with the integration and development of growth plans for the country”.
Pedro Carvalho he will be the CEO of the new Portuguese company and will report directly to Jaime Anchústegui, Generali's International CEO.
Mid morning the stock market share of Generali it drops 0,13%, to 11,85 euros when the FtseMib loses 0,25%. In the average of the last month, shares of the Lion lost 9,40%, while the one-year performance recorded a decrease of 33,48%.
