Generali to acquire Union Investment.

Generali advised by Dentos announced plans to acquire a 100% stake in the Polish asset management company Union Investment TFI S.A. The transaction is subject to approvals by regulatory and antitrust authorities in Poland and abroad. Union Investment TFI is the sixth largest asset management company in Poland with assets under management of €3.3 billion. It has approximately 135,000 retail investors and 550 institutional investors. Generali has been operating in Poland since 1998 and now has 1,300 local employees. It provides property and casualty insurance to retail and corporate clients as well as life insurance products, and it is also active in the pension fund segment.