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8/1, 7:26 PM (Source: TeleTrader)
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Cattolica insurance under investigation by tax police

Italian insurance company Cattolica Assicurazioni confirmed on Saturday that the country’s tax police have searched its headquarters and took some files due to the investigation into reported improper influence over three of the insurer’s shareholders’ meetings.

During one meeting investors allegedly decided that Cattolica’s can become a joint-stock company and therefore easily merge with largest Italian insurer Generali Group

Cattolica stated that all shareholders’ meetings were held correctly.

Breaking the News / TF