Mediobanca says to sell Generali stake towards end of next FY

May 8, 2015 7:06 AM

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MILAN May 8 Italy's Mediobanca is still committed to selling its 3 percent stake in top insurer Assicurazioni Generali in the next financial year and would consider swapping it for another asset, Chief Executive Alberto Nagel said.

The Milanese merchant bank, traditionally at the crossroads of Italy's finance, has announced plans to sell its holdings in a number of influential domestic companies.

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