Generali: acquires CHL

(CercleFinance.com) - Generali announces that it has completed the acquisition of Conning Holdings Limited (CHL) and its subsidiaries from Cathay Life.


All CHL shares have been contributed to Generali Investments Holding (GIH), in exchange for newly issued shares, and Cathay Life has become a minority shareholder of GIH, with a 16.751% stake.

In line with Generali's strategic plan 'Lifetime Partner 24: Driving Growth', the combination strengthens the global partnership in the Group's asset management business, enhancing its investment capabilities and expanding its presence in the US and Asia.

Generali said that it has strengthened its capabilities with relevant high-quality investment skills in US and emerging fixed income, alternative credit and US real estate.


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