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Generali eyeing €2bn acquisition in Russia

Written by Adam Cadle
17/03/2021

Generali is studying an acquisition in Russia worth nearly €2bn ($2.4bn), Italian newspaper Il Sole 24 Ore has reported.

The paper said Generali was looking at a company active mainly in the non-life insurance business and listed as potential targets VTB Insurance, Rosgosstrakh and RESO-Garantia.

Generali declined to comment on the story.

CEO Philippe Donnet said earlier this month the company had more than €2bn for M&A.

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