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Assicurazioni Generali
Legal Proceedings Report • Jun 11, 2020
4190_ltr_2020-06-11_cb89fe7e-c345-4dbc-9146-9e0816bbd393.pdf
Legal Proceedings Report
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| Informazione Regolamentata n. 0018-91-2020 |
Data/Ora Ricezione 11 Giugno 2020 19:40:15 |
MTA | |
|---|---|---|---|
| Societa' | : ASSICURAZIONI GENERALI |
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| Identificativo Informazione Regolamentata |
: | 133782 | |
| Nome utilizzatore | : | ASSGENERN06 - AMENDOLAGINE | |
| Tipologia | : | REGEM; 3.1 | |
| Data/Ora Ricezione | : | 11 Giugno 2020 19:40:15 | |
| Data/Ora Inizio Diffusione presunta |
: | 11 Giugno 2020 19:40:16 | |
| Oggetto | : | Generali and BTG Pactual reach an agreement ending the arbitration for the sale of BSI |
|
| Testo del comunicato |
Vedi allegato.
11.06.2020 PRESS RELEASE
Generali and BTG Pactual reach an agreement ending the arbitration for the sale of BSI
Milan – Generali announces that it reached an agreement with BTG Pactual ending the arbitration for the sale of BSI.
The arbitration started in 2016 following the completion of the sale of BSI by Generali Participations Netherlands to Banco BTG Pactual in September 2015 and concerned mutual claims and indemnification requests pursuant to the sale and purchase agreement.
The settlement agreement provides for the payment of CHF 245 million to BTG Pactual as indemnity and price adjustment, the termination of the arbitration and a waiver of the mutual claims and indemnification requests, without any admission of liability or wrongdoing.
The net impact on the Generali Group's First Half 2020 results amounts to CHF 195 million, equivalent to about € 183 million1 , after taking into account pre-existing provisions to cover legal costs.
THE GENERALI GROUP
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world with a total premium income of more than €69.7 billion in 2019. With nearly 72,000 employees serving 61 million customers, the Group has a leading position in Europe and an increasingly significant presence in Asia and Latin America. The ambition of Generali is to be a Life-Time Partner to its customers, offering innovative and customised solutions thanks to an unrivalled distribution network.
Media Relations T +39. 02.43535014 [email protected]
Investor Relations T +39.040.671402 [email protected]
Generali @GENERALI Generaligroup GruppoGenerali
1 Based on current EUR/CHF exchange rate.