Market Chatter: BlackRock in Talks to Manage Up to $3.3 Billion of Assets for Italian Insurer Sace-February 2024-www.financetom.com

Market Chatter: BlackRock in Talks to Manage Up to $3.3 Billion of Assets for Italian Insurer Sace

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Market Chatter: BlackRock in Talks to Manage Up to $3.3 Billion of Assets for Italian Insurer Sace

Sep 11, 2024 6:03 PM

03:20 PM EDT, 09/11/2024 (MT Newswires) -- BlackRock ( BLK ) is in discussions with Italian insurance group Sace to manage up to 3 billion euros ($3.31 billion) of assets, Bloomberg reported Wednesday, citing people familiar with the matter.

The report cautioned that there was no guarantee a formal deal will be reached by the two sides.

BlackRock ( BLK ) and Sace did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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