January 10, 2013 / 8:29 AM / 5 years ago

Generali says not taking part in Yapi Kredi Sigorta sale process

MILAN, Jan 10 (Reuters) - Italian insurer Generali is not taking part in the sale process of Turkish insurer Yapi Kredi Sigorta, a Generali spokesman said on Thursday denying a report in the Turkish press.

Shares in Yapi Kredi Sigorta jumped nine percent on Thursday after a newspaper said Generali had made an official approach to buy the Turkish insurer.

"With reference to press speculation, Generali is not taking part in Yapi Kredi Sigorta's sale process," a spokesman said.

Reporting By Claudia De Lillo, editing by Francesca Landini

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