By Giulia Petroni 
 

Assicurazioni Generali SpA said late on Wednesday that Italian market regulator Consob has given the green light to its takeover offer for smaller peer Cattolica Assicurazioni SC.

The Italian insurer said the acceptance period is set to start on Oct. 4 and close on Oct. 29, unless otherwise extended.

As previously announced, Generali is offering a consideration equal to 6.75 euros ($7.9) a share for Cattolica. It already has a stake of about 24% in the company.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

September 23, 2021 01:22 ET (05:22 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Cattolica (BIT:CASS)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Cattolica Charts.
Cattolica (BIT:CASS)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Cattolica Charts.