Oaktree Capital Management completed the acquisition of Generali Worldwide and Generali Link from Generali. Generali will receive approximately €409m in base consideration, plus additionally up to €10m of contingent consideration to be paid at completion, for the sale of its stakes in Generali Worldwide and Generali Link. "This transaction represents a significant opportunity to expand our already successful and well‐ established business. Through a variety of acquisitions LCCG is creating an extensive portfolio of specialist and successful players in the cross‐border and international wealth management marketplaces. The obvious synergies that exist will add to our capabilities to continue to grow and expand our business. I emphasise that the business is being bought with a view to further development and will continue to offer its customers old and new, the highest levels of service.”Giorgio Daboni, Generali Worldwide CEO.