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Generali May Sell Czech Venture Stake

Assicurazioni Generali may sell or list its Czech financial business, PPF Group.

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.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.



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