Generali drops out from NN's asset manager sale – sources



© Reuters.

LONDON (Reuters) – Italian insurer Assicurazioni Generali (MI:) has dropped out from the sale of the asset management arm of Dutch rival NN Group NV, two sources familiar with the matter told Reuters.

Europe’s third biggest insurer initially looked at submitting a possible bid for the unit which oversees assets linked to NN’s life insurance products but was put off by its competitive valuation, one of the sources said.

Generali declined to comment while NN was not immediately available for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

See also  Facebook takes steps against 'revenge porn'

LEAVE A REPLY

Please enter your comment!
Please enter your name here