

Generali has held informal deal talks with Guggenheim Partners on a range of options including a full acquisition of the US investment firm’s asset management business, sources have said.
According to Bloomberg News, citing sources, a partnership or a strategic investment in Guggenheim are also being explored. Generali earmarked up to €3bn for mergers and acquisitions in insurance and asset management businesses, citing possible deals in Europe, Asia and the United States.
Guggenheim Investments, the asset management and investment advisory unit of Guggenheim Partners, has more than $228bn in assets across fixed income, equity and alternative strategies.