Apollo-backed Athora to buy Generali Belgium for 540 mln euro

Athora Holding Ltd, a portfolio company of Apollo Global Management, is buying Generali Belgium SA for about 540 million euro ($668.5 million). Generali Belgium provides insurance solutions to retail and corporate clients through a network of over 1,000 independent brokers. Goldman Sachs International and Mediobanca served as financial advisors and Allen & Overy served as legal counsel to Athora.

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