Cattolica bonds pop as Generali plans takeover

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Cattolica bonds pop as Generali plans takeover

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2C7C96H Los Angeles, California, USA - 10 March 2019: Illustrative Editorial, Cattolica Assicurazioni website homepage. Cattolica Assicurazioni logo visible | Alamy Stock Photo

Generali launched a takeover bid for fellow Italian insurer Cattolica this week, leading to a sharp rally in the value of the smaller and once beleaguered firm’s tier two bonds.

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