Generali Explores Deal With US Asset Manager Guggenheim
- Italian insurer said to have held talks on various options
- Generali explored potential banking unit sale to raise funds
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Assicurazioni Generali SpA is exploring a deal with US investment firm Guggenheim Partners to bolster its asset management business, according to people familiar with the matter.
Italy’s biggest insurer has held informal talks on options ranging from a full acquisition of Guggenheim’s asset management business to a partnership or strategic investment, the people said, asking not to be identified as the discussions are private.