Generali agrees sale of businesses in Guatemala and Liechtenstein
28 September 2016 - 18:30
Trieste – The Generali Group has entered into two agreements to sell its businesses in Guatemala and Liechtenstein respectively. The transactions are part of its active investment management strategy that focuses on investments in geographic areas that are most attractive for the Group and in lines of business with greater potential and less capital or cash absorption.
In Guatemala, Generali signed an agreement to sell its participation, equivalent to 51% of the share capital, in Aseguradora General S.A., a company that is mainly active in the P&C segment, to its local partners.
In Liechtenstein, the Group signed an agreement through its subsidiary, Generali Schweiz Holding AG, for the sale of 100% of Fortuna Lebens-Versicherungs AG, life insurance company in run-off since 2015, to FWU AG, group operating in the financial services sector with its headquarters in Munich (Germany).
Both transactions are conditioned on the approval of the competent authorities.