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Generali agrees to BSI’s US$1.7 billion price tag

Generali has agreed to sell its private banking arm, BSI to Brazilian bank, BTG Pactual to the tune of CHF1.5 billion (US$1.7 billion), two years after it was first open to bidders. According to a statement, the sale is “part of Generali’s strategy to focus on its core insurance business and improve its capital position” as the Italian insurer aims…

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