UniCredit reveals 8.72 percent stake in Generali at AGM
Italian bank UniCredit has increased its stake in insurer Generali to 8.72 percent. The holding was disclosed today at the annual general meeting in Milan.
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UniCredit (A1871T.DU) holds an 8.72% stake in GENERALI (AGEN.VI), the insurer's chairman said at its annual general meeting Thursday. The position in Italy's largest insurer rose from 6.7% reported ahead of last year's Generali AGM. Investors are tracking the position after CEO Andrea Orcel said in June that UniCredit would gradually reduce its holding.
### UniCredit's Position at Generali Generali Chairman Andrea Sironi disclosed the ownership figures during the meeting in Milan. The 8.72% holding makes UniCredit one of the largest investors in Generali.
