Trending: Delfin Gets Regulatory Nod to Up Stake in Generali
03 Juli 2023 - 5:50PM
Dow Jones News
1519 GMT - Assicurazioni Generali is among the most mentioned
companies across news items over the past 12 hours, according to
Factiva data, after Italy's Institute for the Supervision of
Insurance on Friday authorized shareholder Delfin to increase its
stake in the Italian insurer to above 10%. Delfin, a holding
company owned by the Del Vecchio family, had requested regulator
approval for the stake increase in April after crossing the 10%
threshold in a Generali share buyback, the regulator said. The news
boosted Generali shares Monday which traded 3.4% higher as of 1517
GMT, after rising as much as 5.6% earlier in the session. The Del
Vecchio group owned a 9.77% stake in the Italian insurer as of
April 17, according to Generali's website. Dow Jones & Co. owns
Factiva. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
July 03, 2023 11:35 ET (15:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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