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Generali completes deal to boost stakes in Indian ventures

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Generali completes deal to boost stakes in Indian ventures

Generali has completed a transaction that increases its stakes in a pair of India-based joint ventures to 49% from 25.5%.

Generali signed an agreement with Future Group in June 2018 to raise its ownership in Future Generali India Life Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd. The company has committed up to approximately €120 million to the partnership.