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Generali mulls buying Russian insurer for over $2 billion

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Mergers and acquisitions

 

Italian insurer Assicurazioni Generali SpA is considering buying a nonlife insurer in Russia for €2 billion ($2.4 billion), Reuters reported citing the Il Sole 24 Ore newspaper. Insurers RESO-Garantia Insurance PJSC, PJSC IC Rosgosstrakh and VTB Insurance Ltd. are among the potential targets.

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