By Ed Frankl 
 

Assicurazioni Generali SpA said late Wednesday that the Italian market watchdog set a price for the country's largest insurer to buy remaining shares it doesn't yet own in takeover target Cattolica Assicurazioni SC.

The regulator, Consob, set the purchase price at 6.75 euros ($6.87) a share, the same price as Generali's bid offer, which launched last year.

The maximum amount Generali would pay should all remaining shares of Cattolica be tendered is EUR84.7 million, the Trieste-based insurer said.

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

July 07, 2022 02:11 ET (06:11 GMT)

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