Generali, Natixis owner likely to drop asset management deal, sources say
Update: 2025-10-29
Description
Despite initial plans, the merger between Italy's Generali and France's BPCE's asset management units is likely to collapse due to unresolved issues and opposition from key stakeholders. The Italian government, major investors, and Mediobanca's leadership changes have added to the uncertainty, potentially jeopardizing Generali's CEO Philippe Donnet's tenure and the future of the merger.
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