Generali drops out from NN’s asset manager sale – sources By Reuters
LONDON (Reuters) -Italy's top insurer Assicurazioni Generali (MI:GASI) has dropped out of the race to buy the asset management arm of Dutch rival NN Group NV, two sources familiar with the matter told Reuters. Generali and Deutsche Bank (DE:DBKGn)'s asset management unit DWS were among suitors that last week filed non-binding bids for the company which oversees assets linked to NN's life insurance products, sources had said. But the people on Tuesday said Generali had decided to quit the process, which is expected to be very competitive. Generali declined to comment while NN...
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