Generali Deutschland Holding AG : Generali Deutschland: General Meeting approves the squeeze-out of minority shareholders

Cologne - At the Extraordinary General Meeting held on December 4, 2013, the shareholders of Generali Deutschland approved the transfer of the shares of the remaining minority shareholders to Assicurazioni Generali S.p.A. in consideration of an adequate compensation in cash of € 107.77 for each share of Generali Deutschland. The transfer was approved by a majority of 99.32 % of the voting rights present at the meeting.

At the time of the Extraordinary General Meeting, Assicurazioni Generali S.p.A. owned more than 96% of the shares of Generali Deutschland. Assicurazioni Generali S.p.A. was thus entitled to demand the squeeze-out of the remaining minority shareholders.

The squeeze-out of the minority shareholders will become effective with the registration in the commercial register. After the registration, the stock-exchange trading with the Generali Deutschland shares will be discontinued and the admission of the shares to the regulated market will be revoked.

Forward-looking statements
To the extent this Release includes prognoses or expectations or forward-looking statements, these may involve known and unknown risks as well as uncertainties. The actual results and developments may therefore differ materially from the stated prognoses or expectations. Besides other reasons not specified here, deviations may be the result of changes of the overall economy or of the competitive situation, especially in core activities or core markets. Deviations may also result from the extent and the frequency of claims, lapse ratios, mortality or morbidity rates or tendencies. The developments of financial markets and of exchange rates of foreign currencies as well as amendments of national and international law, particularly in respect of tax rules, may have an influence. Terrorist attacks and their consequences may increase the probability and the extent of deviations. The company is under no obligation to update the statements made in this Release.

Generali Deutschland Group
With a premium income of about € 17.2 bn and over 13.5 million customers, the Generali Deutschland Group is the second-largest primary insurance group in the German market. The Generali Deutschland Group includes companies such as Generali Versicherungen, AachenMünchener, CosmosDirekt, Central Krankenversicherung, Advocard Rechtsschutzversicherung, Deutsche Bausparkasse Badenia and Dialog as well as the Group-owned service providers Generali Deutschland Informatik Services, Generali Deutschland Services, Generali Deutschland Schadenmanagement and Generali Deutschland SicherungsManagement.

Contact

Generali Deutschland Holding AG
Dr. Andrea Timmesfeld
Head of Corporate Communication
Tunisstrasse 19-23
50667 Cologne (Germany)

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http://www.generali-deutschland.de