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Italy's second-largest bank UniCredit has sounded out the Del Vecchio family holding company, Delfin, to more than double its stake in insurer Generali to just under 20%, daily Il Sole 24 Ore reported on Thursday.
Intesa Sanpaolo has committed to consulting with Italy's government over future decisions affecting insurer Generali , sources said on Monday, as part of assurances the bank offered Rome regarding its plan to take over Monte dei Paschi.
Intesa Sanpaolo has taken a 3% stake in Generali to prevent the insurer from building a defensive stake in Italy's biggest bank, CEO Carlo Messina told analysts.
Italy's biggest bank Intesa Sanpaolo said on Monday its board had approved buying a 3.01% stake in insurer Generali as part of its unsolicited €30.6 billion ($35 billion) bid to buy smaller rival Monte dei Paschi di Siena (MPS).
Assicurazioni Generali S.p.A. (ARZGY) Q1 2026 Earnings Call Transcript
The insurer attributed the decline to the impact from financial markets on the value of investments, as well as to a one-off tax payment in France.
Banca Monte dei Paschi di Siena's (MPS) second-largest shareholder, Francesco Gaetano Caltagirone, said on Thursday that the Italian lender should not sell its stake in Italy's top insurer Generali.
Monte dei Paschi is not tied to the stake it holds in insurer Generali , CEO Luigi Lovaglio said on Tuesday, though he added he had not had time to consider scenarios that might justify a sale.
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