Banca Generali approves the acquisition of Banca del Gottardo Italia through its subsidiary Banca Bsi Italia

Milan, 06 May 2008 - Banca Generalis board of directors approved the acquisition of Banca del Gottardo Italia from Banca del Gottardo SA for a total of €62 million, to be made through its subsidiary, Banca Bsi Italia.
The transaction is part of the strategy aimed at strengthening Banca Generalis position in the private banking industry, where it already operates through its fully controlled subsidiary Banca BSI Italia. Acquired in July 2006 from BSI S.A., the subsidiary reported €7,039 million in assets under management at the end of 2007. Its distribution network is made up of 38 Relationship Managers and 221 Private Bankers.

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