UniCredit CEO says to gradually exit Generali investment
Speaking at a conference organised by rival Mediobanca, Orcel said building stakes in a target company as a first step towards potential tie-ups could be a good strategy, given widespread government hostility across Europe to bank M&A.
However, "I want to be very clear, the investment in Generali is not that," Orcel said. "We will be reducing it and exiting it over time."
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