Milan, 11 December (LaPresse) – In a statement, the Generali Group announced the suspension of negotiations for the joint venture between Generali Investments and Natixis Im. ‘Following the announcement on 21 January 2025 regarding the signing of a non-binding Memorandum of Understanding for the creation of a joint venture between their respective asset management businesses, Generali and Bpce conducted in-depth discussions and consultations with the relevant stakeholders, in accordance with the processes and governance models of their respective companies.’ Although in recent months ‘the work carried out together has confirmed the merits and industrial value of a partnership, Generali and Bpce have jointly decided to discontinue the consultations – in line with the terms communicated on 15 September – concluding that the conditions for reaching a definitive agreement do not exist.’ Both groups, the statement concludes, ‘remain committed to the development of a dynamic financial industry, led by globally competitive European champions that contribute to the economic success of the region.’