COLOGNE, Germany--At Generali Deutschland's extraordinary
general meeting, the shareholders approved the transfer of the
shares of the remaining minority shareholders to Assicurazioni
Generali S.p.A. (G.MI) for EUR107.77 for each share, which the
companies called "adequate" cash compensation, according to an
announcement Wednesday. The squeeze-out was approved by a majority
of 99.3% of the voting rights present at the meeting.
Assicurazioni Generali S.p.A. owned more than 96% of the shares
of Generali Deutschland before the meeting. Assicurazioni Generali,
as a result, was entitled to demand the squeeze-out of the
remaining minority shareholders, the announcement said.
The squeeze-out of the minority shareholders will become
effective with the filing in the commercial register. After the
registration, the stock-exchange trading with the Generali
Deutschland shares will be discontinued and the admission of the
shares to the regulated market will be revoked, according to the
announcement.
Newspaper website: www.generali-deutschland.de
Write to Dennis Baker at dennis.baker@wsj.com
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