Generali acquires a 9.9% stake in Grupo Cooperativo Cajamar

Generali has reached an agreement for the acquisition of a stake of approximately 9.9% in Banco de Crédito Cooperativo (BCC), the holding company of Grupo Cooperativo Cajamar (GCC), for a consideration of 150 million euros.

The operation represents a significant step in the evolution of the bancassurance partnership between Generali and GCC, one of the main Spanish financial groups, which began over 20 years ago. The investment also strengthens the strategic alignment between the two companies and consolidates Generali's role as a reference insurance partner in Spain.

The operation is fully in line with Generali's Lifetime Partner 27: Driving Excellence strategic plan, which aims to accelerate growth in the main European markets in which the group already boasts significant size and a leadership position, also through solid franchising networks and long-term partnerships.

The operation, which will be carried out by Generali Spain through its investment portfolio, will not have a material impact on the Group's Solvency Ratio. Completion is expected in the second half of 2027, subject to obtaining all necessary regulatory authorizations.