By Kim Richters

Assicurazioni Generali SpA said late Friday that it holds 84.5% of the share capital of Societa Cattolica di Assicurazione SpA.

The Italian insurer is in the process of taking over its smaller rival with a bid of 6.75 euros ($7.80) for each share in Cattolica. The offer launched in May.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

11-01-21 0244ET