Banco BPM completed the acquisition of a 65% stake in Vera Vita, Vera Financial, Vera Assicurazioni and Vera Protezione from Generali.

Banco BPM, an Italian bank, completed the acquisition of a 65% stake in Vera Vita, Vera Financial, Vera Assicurazioni and Vera Protezione, an insurance company, from Generali, an insurance company. Financial terms were not disclosed.