The European Commission has given the green light to Allianz's acquisition of Tua Assicurazioni, the non-life subsidiary of the Generali Group.
The transaction does not raise any competition concerns, according to the Commission.
For the record, Generali and Allianz signed an agreement [4] in 2023 for a transaction valued at 280 million EUR (306.6 million USD). The acquisition is expected to be finalized in the first quarter of 2024.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-206-december-2023
[4] https://www.atlas-mag.net/en/category/pays/italie/generali-sells-its-tua-assicurazioni-subsidiary-to-allianz