UniCredit builds stake in Generali, further complicating fight for Italian financial sector

UniCredit builds stake in Generali, further complicating fight for Italian financial sector

Shorouk Express The government is keen to ensure that Generali, which last month agreed to combine its asset management business with that of France-based Natixis, keeps its appetite for Italian sovereign debt at a time when Rome needs to borrow nearly €1 billion a day. The Trieste-based conglomerate is the government’s largest private-sector creditor. Rome…

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