Investments and Divestitures

2012

• Sale of 69.13% stake in Migdal Insurance and Financial Holdings, Israeli company operating both in the insurance and financial sector

2011

• Sale of the stake in Afore Banorte Generali, operating in the Mexican pension business
• Sale of 51% stake in B-Source S.A., operating in the Swiss banking services sector

2010

• Closing of sale of participation in Intesa Vita

2009

• Merger of Alleanza Assicurazioni in Assicurazioni Generali and creation of Alleanza Toro
• Agreement for the purchase of 30% stake in Guotai AMC, Chinese asset manager

2008

• Generali PPF Holding acquires majority stakes in Rumenian insurance companies Ardaf e Rai
• Closing of joint venture agreement with Czech Group PPF and incorporation of Generali PPF Holding, controlled by Generali through a 51% stake

2007

• BSI acquires Swiss bank Banca del Gottardo
• Sale of insurance company Nuova Tirrena to Groupama
• Joint venture agreement with Czech Group PPF related to the insurance activities of Generali and PPF in Central European countries. Generali owns 51% stake in the joint venture

2006

• Purchase of 65.5% stake in Italian insurance company Toro Assicurazioni from DeAgostini Group and consequent mandatory public offer
• Purchase of majority stake in Bulgarian insurance company Orel-G
• Purchase of majority stake in Ukrainian insurance companies Garant Auto e Garant Life
• Purchase of majority stake in Serbian insurance company Delta Osiguranje
• Purchase of Croatian insurance company Libertas Osiguranje
• BSI acquires Banca Unione di Credito, in Switzerland
• Squeeze out of minorities shareholders of Generali Schweiz Holding, in Switzerland
• Squeeze out of minorities shareholders of Generali Holding Vienna, in Austria
• Partial squeeze out of minorities shareholders of AMB Generali Holding, in Germany