MILAN (Reuters) - Italian insurer Generali
"The deal was closed for a total gross consideration of approximately 60 million euros, reflecting a 13 euros per share valuation of Save," Generali said in a statement.
Save's share price closed at 12.20 euros on Tuesday.
Generali sold the indirect stake to a company wholly owned by Finanziaria Internazionale Holding (Finint).
Finint in turn sold the stake to Star Holdings, a company owned by Morgan Stanley Infrastructure Partners Fund
(Reporting by Jennifer Clark; Editing by Greg Mahlich; editing by Francesca Landini)