By Kim Richters 
 

Assicurazioni Generali SpA said late Friday that it holds 84.5% of the share capital of Societa Cattolica di Assicurazione SpA.

The Italian insurer is in the process of taking over its smaller rival with a bid of 6.75 euros ($7.80) for each share in Cattolica. The offer launched in May.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

November 01, 2021 02:44 ET (06:44 GMT)

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