Asset management: Generali and BPCE call off merger plans

Generali and the BPCE Group have decided to scrap their plan to establish a joint venture between their respective asset management subsidiaries.

Following several months of discussions, the two groups concluded that the conditions required to finalize the transaction could not be met.

By way of reminder, Generali and BPCE signed a non-binding Memorandum of Understanding (MoU) on 21 January 2025, which contemplated the merger of Generali Investments Holding (GIH) and Natixis Investment Managers (Natixis IM) with the aim of creating a leading asset manager in Europe.