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Italian insurer looking to make €3bn bid for MetLife’s European assets - reports

Written by Adam Cadle
02/12/2019

Italian insurer, Generali, is looking to make a formal bid for the European assets of MetLife, according to sources.

Bloomberg stated that people with knowledge of the matter say a deal could be valued at about €3bn.

Generali has said that it’s willing to consider “disciplined M&A to support profitable growth” to reinforce its leading position in Europe or enter new countries as one of the top-five players in that market.

In 2012, MetLife agreed to buy life insurance businesses from Aviva in the Czech Republic and Hungary, as well as Aviva’s life insurance and pension operations in Romania.

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