According to Bloomberg, Generali is one of the two main bidders in the acquisition of the Lisbon-based insurer Tranquilidade. The transaction would cost €600m. The targeted company has a strong presence in Health and Automobile, two business lines that interest the Italian operator. Relative to the sector valuation multiples, the P/E is acceptable contrary to the P/Book which seems to be expensive. Acquiring the second player in Portugal will require financial sacrifices.
01 Jul 2019
The final sprint for Tranquilidade is underway
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The final sprint for Tranquilidade is underway
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
01 Jul 2019 -
Author:
Bassem Neifer -
Pages:
3
According to Bloomberg, Generali is one of the two main bidders in the acquisition of the Lisbon-based insurer Tranquilidade. The transaction would cost €600m. The targeted company has a strong presence in Health and Automobile, two business lines that interest the Italian operator. Relative to the sector valuation multiples, the P/E is acceptable contrary to the P/Book which seems to be expensive. Acquiring the second player in Portugal will require financial sacrifices.