Assicurazioni Generali may sell or list its Czech financial business, PPF Group, The Wall Street Journal reports. The Italian insurer is planning to either list up to 75% of it or sell the 49% stake owned by PPF to a third party, if their deal is not renewed in 2014.
The Trieste-based insurer partnered with PPF in 2007 to pool their eastern European activities in the Generali PPF Holding, adds Reuters. PPF’s 49% stake in the joint venture could be worth €3 billion, according to Generali.
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