UniCredit (UNCRY) has recently begun reducing its stake in Assicurazioni Generali (ARZGY) as part of its plan to exit the insurer over time, Flavia Rotondi of Bloomberg reports. In April, UniCredit owned 6.49% of Generali’s capital and the total amount of shares sold would correspond to less than 1.5% of Generali, Bloomberg adds, citing Repubblica newspaper.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARZGY:
- Generali upgraded to Overweight from Neutral at JPMorgan
- Generali upgraded to Market Perform from Underperform at Keefe Bruyette
- Generali price target raised to EUR 34 from EUR 32 at JPMorgan
- Generali SpA’s Earnings Call: Strong Start Amid Challenges
- Generali price target raised to EUR 36.10 from EUR 34.80 at Berenberg