Latest news with #BPCE-owned
Reuters
04-04-2025
- Business
- Reuters
Generali will not come to loggerheads with Rome over Natixis deal, CEO tells paper
ROME, April 4 (Reuters) - Generali ( opens new tab has no intention to come to a showdown with the Italian government over its proposed asset management tie-up with BPCE-owned Natixis Investment Manager, CEO Philippe Donnet said in an interview published on Friday. "There will be no showdown with the government," Donnet told daily Corriere della Sera, adding that the group's relations with Rome have always been based on dialogue and constructive collaboration. Italy's government is due to review the deal under so-called "golden power" procedures, and Donnet said this would provide the opportunity to give clarity over "a deal that we have proposed because we think it is good for Generali and for the entire country". He added that if "real concerns or misunderstandings" were to emerge during the process, Generali's "board would certainly not be able to ignore them".
Reuters
13-03-2025
- Business
- Reuters
Generali CEO says insurer could buy more Italian govt bonds
MILAN, March 13 (Reuters) - Generali ( opens new tab is considering increasing its purchases of Italian government bonds, its CEO said on Thursday, as the government reviews a landmark asset management deal which has raised concerns in Rome. Generali held 35.6 billion euros in Italian government bonds at the end of 2024, assets which it uses to offset liabilities in its life insurance business. here. "Market developments on one side and significant growth in the life portfolio, with positive net inflows, on the other, make it natural to consider increasing BTP bond purchases," CEO Philippe Donnet told a press conference. Donnet also said that the government's review of Generali's deal to combine its asset management business with BPCE-owned Natixis Investment Managers provided an opportunity to address any concerns about the transaction.
