Newswire

Generali to buy 40 pct Europ Assistance from Fiat

MILAN, Sept 30 (Reuters) - Italian insurer Generali has signed an accord to purchase the 40 percent of medical assistance group Europ Assistance Holding from struggling carmaker Fiat that Generali does not already hold, the groups said in a statement on Monday.

The deal is valued at 124 million euros and Fiat will take a gain of at least 80 million euros, they said.