Sale to Allianz of the former insurance business of Milano Assicurazioni S.p.A.

An agreement is concluded for the sale to Allianz of the former insurance business of Milano Assicurazioni S.p.A., concerning the sale of a business unit including a non-life insurance portfolio woth 1.1 billion (2013 data), 729 agency and 500 employees dedicated to the management of these activities. This transfer ends on 19 December of the same year.