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Natixis and Generali in early talks for asset management tie-up, FT reports
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Natixis and Generali in early talks for asset management tie-up, FT reports
Nov 25, 2024 7:03 AM

Nov 25 (Reuters) - France's Natixis Investment Managers

is holding early-stage talks with Italian insurer Generali

about a potential tie-up, the Financial Times reported

on Monday.

The firms have not yet agreed to terms of a deal, and it

remains uncertain whether the talks will lead to an agreement,

the report added, citing sources.

A spokesperson for BPCE, the parent company of Natixis,

declined to comment on market rumours. Generali declined to

comment on the report.

Natixis currently manages $1.3 trillion in assets,

according to its

website

. A partnership with Generali, which

reported

821 billion euros ($863.86 billion) in managed assets for

the first half of the year, could create one of the largest fund

managers in Europe.

In September, Natixis

sold

its pan-European private credit specialist MV Credit to

California-based investor Clearlake Capital.

($1 = 0.9504 euros)

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