Generali Interested in Small U.S. Asset Managers, Milano Finanza Says, Citing Sources

Dow Jones12-06
 

--Italian insurer Generali is considering two or three small U.S. asset managers as takeover targets, MF-Milano Finanza reports, citing unnamed sources.

--Generali is evaluating businesses that are smaller than Conning, the U.S. investment manager whose acquisition it completed in April, according to MF . New York-based Mgg Investment Group was named as one of the potential targets.

-- Woody Bradford, who leads the Generali Investments, is personally involved in the process, MF reports.

 

Full story in Italian: https://tinyurl.com/4pvzpdmk

 

Write to Elena Vardon at elena.vardon@wsj.com

 

(END) Dow Jones Newswires

December 06, 2024 04:22 ET (09:22 GMT)

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