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People's Bank of China buys shares in Italy's Generali
lifeinitaly.com The People's Bank of China, the Asian giant's central bank, has taken a 2.014% stake in one of Italy's largest insurance companies Generali, national financial market regulator Consob said Friday. It's the latest in a string of strategic purchases by the Chinese central bank in major Italian firms. In recent months, the bank has bought up shares in Torino-based automaker Fiat, Telecom Italia, cable-maker Prysmian, and energy majors Eni and Enel.
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