Italian insurance giant Generali
on Thursday sold two foreign units for a total of 409 million
euros.
Generali signed a deal with Life Company Consolidation for
the sale of its entire stake in Generali Worldwide Insurance
Company Limited, based in Guernsey, and Generali Link, based in
Ireland, the Trieste-based insurer said.
Generali will get 409 million euros plus a potential bonus up
to a maximum of 10 million euros, sources said.
CEO for Global Business Lines & International, Federic
de Courtois, said "we will optimise our presence in the world".
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