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Intesa drops Generali tie-up but may seek expansion elsewhere

Feb 28, 2017 - SNL European Financials Daily

Intesa Sanpaolo SpA decided against making a bid to take over Generali, saying it would concentrate on organic growth instead, but analysts predicted that the bank's expansion appetite may now be aimed at the wealth management sector.

After analyzing a potential purchase of Generali, Intesa saw "no opportunities that fulfill [its acquisition] criteria in terms of creation and distribution of value for the bank's shareholders, in keeping with the objective of maintaining a leadership positi

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