Net income on the rise
In November 2024, Banca Generali recorded net inflows of 510 million euros, an increase of 39% compared to the same month of the previous year. This result brings the cumulative total for the year to almost 5.7 billion euros, an increase of 13% compared to the corresponding period of 2023. Gian Maria Mossa, CEO of the group, emphasized that this end of the year represents a clear sign of growth, with flows increasing in double digits and a range of offers that continue to show strong interest among customers
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Financial flows and management
The month of November not only confirmed the positive trend in volumes, but also highlighted the importance of financial and insurance management, increasingly recognized as a distinctive feature of the Banca Generali brand. The flows in Assets under Investment reached 385 million euros in the month, with a total of 2.8 billion since the beginning of the year, marking an impressive increase of 218% compared to the previous year. Demand for managed solutions played a crucial role, with 323 million euros collected in the month of November alone
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Investment strategies and takeover bids on Intermonte
In addition, Banca Generali recently announced the launch of a voluntary takeover bid on Intermonte, a historic Milanese SIM. This announcement has aroused great interest among industry professionals and entrepreneurs. The offer includes a consideration of 3.04 euros per share, with a premium of 21.9% compared to the official price. Mossa expressed optimism about obtaining the necessary authorizations to start the collaboration in the first months of the new year. Despite fiscal exits, current business dynamics bode well for a further accelerating end of the year
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