GENERALI completes the sale of its Belgium unit to ATHORA Holding

9 January 2019 —
Italian based insurer GENERALI announced the closing of the sale of its entire stake in GENERALI Belgium SA to ATHORA Holding Ltd. "in line with the terms already announced to the market on April 18, 2018".

The insurer mentioned the transaction was part of the Group's overall strategy to optimize its geographical footprint and to improve its operational efficiency and capital allocation.

After the sale of GENERALI Belgium, GENERALI will remain present in Belgium continuing to provide its Global Business Lines and EUROP ASSISTANCE insurance and assistance solutions.