- Reuters•2 days ago
Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. A merger of the two would have created an Italian financial giant with a market capitalisation of around 60 billion euros ($63.4 billion), but Intesa's decision to walk away leaves Generali vulnerable to a possible foreign takeover. Management changes at Generali and political weakness in Rome helped fuel bid talk in recent months, with media reports suggesting Axa, Germany's Allianz and Switzerland's Zurich Insurance Group might be interested in the Italian insurer.
- Financial Times•4 days ago
Axa chief executive Thomas Buberl has distanced himself from a bid for Generali's German life insurance business. There has been speculation that the French group could play a part in any break-up process ...
- Bloomberg•13 days ago
Intesa Sanpaolo SpA is sounding out investors about a possible combination with Assicurazioni Generali SpA and weighing which of the insurer’s assets it might sell, according to people with knowledge of ...
ISP.MI : Summary for INTESA SANPAOLO - Yahoo Finance
Intesa Sanpaolo S.p.A. (ISP.MI)
Milan - Milan Delayed Price. Currency in EUR
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|Day's Range||2.06 - 2.14|
|52 Week Range||1.52 - 2.79|
|PE Ratio (TTM)||14.62|
|Dividend & Yield||0.19 (8.53%)|
|1y Target Est||N/A|