Generali's Natixis Deal Remains Key as Balancing Act Plays out -- Market Talk

Dow Jones

Jun 09, 2025

0926 GMT - The most critical question for Generali's shareholders is whether the asset-management joint venture with Groupe BPCE's Natixis will be approved, AlphaValue says in a research note. The battle for influence at the Italian insurer is heating up as its main shareholder, Mediobanca, seeks approval to buy Banca Generali with the stake it owns in the bank's parent. The potential for economies of scale from the Natixis deal more than offset the risks but meaningful obstacles remain, analyst Antoine Bouchetoux writes. These include opposition from Roman tycoon Caltagirone, a top shareholder, and political concerns around the insurer's holding of Italian government bonds. The transaction is being reviewed by the state and is unlikely to go ahead if authorities formally oppose it, he notes. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 09, 2025 05:26 ET (09:26 GMT)

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The battle for influence at the Italian insurer is heating up as its main shareholder, Mediobanca, seeks approval to buy Banca Generali with the stake it owns in the bank's parent. The potential for economies of scale from the Natixis deal more than offset the risks but meaningful obstacles remain, analyst Antoine Bouchetoux writes. These include opposition from Roman tycoon Caltagirone, a top shareholder, and political concerns around the insurer's holding of Italian government bonds. The transaction is being reviewed by the state and is unlikely to go ahead if authorities formally oppose it, he notes. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 09, 2025 05:26 ET (09:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Generali's Natixis Deal Remains Key as Balancing Act Plays out -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenerali's Natixis Deal Remains Key as Balancing Act Plays out -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-09 17:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0926 GMT - The most critical question for Generali's shareholders is whether the asset-management joint venture with Groupe BPCE's Natixis will be approved, AlphaValue says in a research note. The battle for influence at the Italian insurer is heating up as its main shareholder, Mediobanca, seeks approval to buy Banca Generali with the stake it owns in the bank's parent. The potential for economies of scale from the Natixis deal more than offset the risks but meaningful obstacles remain, analyst Antoine Bouchetoux writes. These include opposition from Roman tycoon Caltagirone, a top shareholder, and political concerns around the insurer's holding of Italian government bonds. The transaction is being reviewed by the state and is unlikely to go ahead if authorities formally oppose it, he notes. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 09, 2025 05:26 ET (09:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTXFF","symbol_name":"Natixis","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2542071838","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542071838","pubTimestamp":1749461160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0926 GMT - The most critical question for Generali's shareholders is whether the asset-management joint venture with Groupe BPCE's Natixis will be approved, AlphaValue says in a research note. The battle for influence at the Italian insurer is heating up as its main shareholder, Mediobanca, seeks approval to buy Banca Generali with the stake it owns in the bank's parent. The potential for economies of scale from the Natixis deal more than offset the risks but meaningful obstacles remain, analyst Antoine Bouchetoux writes. These include opposition from Roman tycoon Caltagirone, a top shareholder, and political concerns around the insurer's holding of Italian government bonds. The transaction is being reviewed by the state and is unlikely to go ahead if authorities formally oppose it, he notes. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NTXFF":"Natixis","MDIBY":"MedioBanca SpA","BK4207":"综合性银行"},"translate_title":"随着平衡行动的展开，忠利集团与Natixis的交易仍然是关键——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTXFF":1,"MDIBY":0.9},"content_text":"0926 GMT - The most critical question for Generali's shareholders is whether the asset-management joint venture with Groupe BPCE's Natixis will be approved, AlphaValue says in a research note. The battle for influence at the Italian insurer is heating up as its main shareholder, Mediobanca, seeks approval to buy Banca Generali with the stake it owns in the bank's parent. The potential for economies of scale from the Natixis deal more than offset the risks but meaningful obstacles remain, analyst Antoine Bouchetoux writes. These include opposition from Roman tycoon Caltagirone, a top shareholder, and political concerns around the insurer's holding of Italian government bonds. The transaction is being reviewed by the state and is unlikely to go ahead if authorities formally oppose it, he notes. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 09, 2025 05:26 ET (09:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}