|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Italian lender Intesa has said that it is merely carrying out a case study of a possible merger with insurer Generali.
An expected bid by Intesa Sanpaolo , Italy's biggest retail bank, for the country's largest insurance company is a bold gamble that has stunned the cosy world of Italian finance and carries risks for both predator and prey. The extent of what Intesa CEO Carlo Messina was planning dawned on Philippe Donnet, the French head of Generali , when he tried to check media reports that Intesa was preparing to build a stake in the insurer. Donnet called his counterparts at Intesa on Jan. 23, according to two sources close to the matter, but no one was available to take his call.
Italy's largest insurer has political winds in its sails -- but will it be enough to see off its suitors?