UniCredit Starts Reducing Stake in Generali, Repubblica Reports

A UniCredit SpA bank logo at a company's bank branch in Turin, Italy, on Friday, April 4, 2025. Banco BPM SpA said its takeover offer for Anima Holding SpA has been accepted by enough of the asset manager’s shareholders to meet the minimum threshold it has set.Photographer: Giuliano Berti/Bloomberg

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By Flavia Rotondi

July 5, 2025 at 4:27 AM EDT

UniCredit SpA has started reducing its stake in Assicurazioni Generali SpA in recent days as part of the Italian bank’s plan to exit the insurer over time, Repubblica newspaper reported.

The total amount of shares sold by the Italian lender would correspond to less than 1.5% of Generali, according to the paper on Saturday. UniCredit owned 6.49% of Generali’s capital as of April, the paper said.