BPCE and Generali have decided to end negotiations for a Joint Venture in Asset Management. Despite confirming the value of the partnership, both parties concluded that the conditions for a final agreement are not currently present. BPCE is the second-largest banking group in France, serving 35 million customers worldwide, while Generali is a leading insurance and asset management group present in over 50 countries. Both groups remain committed to the development of a strong financial industry in Europe. The decision was made following extensive discussions and consultation processes with stakeholders.

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