(CercleFinance.com) – Generali announces that it has finalized the acquisition of Conning Holdings Limited (CHL) and its subsidiaries from Cathay Life.
All shares of CHL were contributed to Generali Investments Holding (GIH), in exchange for newly issued shares, and Cathay Life became a minority shareholder of GIH, with a 16.751% stake.
In line with Generali’s ‘Lifetime Partner 24: Driving Growth’ strategic plan, the combination strengthens the global partnership in the group’s asset management business by strengthening its investment capabilities and expanding its presence in the United States and in Asia.
Carlo Trabattoni, CEO Asset & Wealth Management at Generali, said: ‘We have strengthened our capabilities with high-quality, relevant investment skills in US and emerging market fixed income, alternative credit and US real estate.’
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