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Generali, through its subsidiary Generali Spain, is acquiring a 9.9% stake in Banco de Crédito Cooperativo (BCC), the holding company of Grupo Cooperativo Cajamar (GCC), for 150 million EUR (168.1 million USD).
The acquisition is intended to strengthen Generali’s more than 20-year partnership with GCC, a leading Spanish financial group.
Subject to approval from the relevant authorities, the transaction is expected to close in the second half of 2027.
