Generali CEO Greco says it is still interested in Latin America despite Mexican disposals
The Generali Group has signed an agreement with Grupo Financiero Banorte to sell its 49% minority stakes in the Mexican companies Seguros Banorte Generali and Pensiones Banorte Generali for a total gross consideration of $857.5m (€649m).
The transaction follows the acquisition proposal made by Banorte, which held a 51% stake in the two companies and controlled the distribution.
The deal generates a net capital gain for Generali of
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