Mais78
BAWAG fan club
Salve a tutti.
Speriamo in bella plusvalenza. Prezzi in arrivo.
By Elisa Martinuzzi and Zoe Schneeweiss
April 11 (Bloomberg) -- Assicurazioni Generali SpA raised
its stake in Bawag PSK Versicherung to about 75 percent as part
of a plan to increase control of the Austrian insurer.
Generali acquired an additional 25 percent stake, a
spokesman for the Trieste, Italy-based insurance company, said
today, declining to comment on the price paid. Generali in
September 2007 acquired just under 50 percent of the insurance
unit from Bawag PSK Bank, the Austrian bank controlled by
Cerberus Capital Management LP, and had agreements to buy more.
The transaction was reported earlier today by Die Presse.
The purchase may be in the “mid to high two-digit million euro
range,” the newspaper reported, without saying where it got the
information.
Bawag PSK Versicherung, which sells its products via Bawag
branches and Austrian post offices, had a premium income of 217
million euros ($292 million) last year, Presse said.
Bawag officials weren’t available to answer calls outside
normal business hours.
Speriamo in bella plusvalenza. Prezzi in arrivo.
By Elisa Martinuzzi and Zoe Schneeweiss
April 11 (Bloomberg) -- Assicurazioni Generali SpA raised
its stake in Bawag PSK Versicherung to about 75 percent as part
of a plan to increase control of the Austrian insurer.
Generali acquired an additional 25 percent stake, a
spokesman for the Trieste, Italy-based insurance company, said
today, declining to comment on the price paid. Generali in
September 2007 acquired just under 50 percent of the insurance
unit from Bawag PSK Bank, the Austrian bank controlled by
Cerberus Capital Management LP, and had agreements to buy more.
The transaction was reported earlier today by Die Presse.
The purchase may be in the “mid to high two-digit million euro
range,” the newspaper reported, without saying where it got the
information.
Bawag PSK Versicherung, which sells its products via Bawag
branches and Austrian post offices, had a premium income of 217
million euros ($292 million) last year, Presse said.
Bawag officials weren’t available to answer calls outside
normal business hours.
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