Generali to Buy 9.9% Stake in Spanish Bank
Italian insurer Generali has agreed to acquire a 9.9 percent stake in Spain's Banco de Credito Cooperativo for 150 million euros. The transaction is expected to close in the second half of 2027 pending regulatory approvals.
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GENERALI will acquire a 9.9% stake in Spain's Banco de Crédito Cooperativo for €150M. The deal deepens the insurer's 22-year bancassurance partnership with Grupo Cooperativo Cajamar. The transaction will run through Generali Spain's investment portfolio with zero impact on solvency.
