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France’s Natixis Investment Managers, which has $1.3tn in assets under management, is in early-stage talks with Italian insurer Generali about a potential tie-up, according to several people familiar with the situation.
Such a combination would bring together two of the biggest names in European asset management as the sector turns to dealmaking to scale up and expand distribution.
Terms are not agreed and it is not certain that the talks between Natixis and Generali will lead to a deal, the people said. Natixis was not immediately available to comment. Generali and Groupe BPCE, the majority owner of Natixis, declined to comment.
This is a developing story
Additional reporting by Ian Smith in London
