Generali Plans Sale of €20 Billion Italian Life Portfolio
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Assicurazioni Generali SpA is planning to sell a roughly €20 billion ($21 billion) Italian life insurance portfolio as part of a plan to improve profitability, people familiar with the matter said.
The Italian insurer, which has been working with an adviser to review the portfolio, may start a sale process as soon as January, the people said, asking to not be identified discussing confidential information.