Weekly Digest: Generali to fully acquire China unit; Korea Post Insurance seeks PE managers
Generali to acquire 51% of China insurance unit; Taiwan's third-largest insurer expects industry rebound; GIC get competition watchdog approval for raising stake in India's DIT; Korea's NPS posts local equities portfolio gains in Q4; and more.
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Generali has signed an agreement for the acquisition of 51% of Generali China Insurance (GCI) Company for a consideration of approximately €99 million ($108 million). Upon completion, Generali will become the 100% shareholder of GCI.
The signing follows the public auction process initiated by CNPC Capital, as per the disclosure made to the China Beijing Equity Exchange on November 2, 2023. The completion of the transaction is subject to regulatory approvals…
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