Zurich Could Weigh Move to Buy Italy’s Fineco, Messaggero Says

Zurich Insurance Group AGis reopening a plan to possibly buy Italy’s FinecoBank, Il Messaggero reported without citing sources.

The potential move, which the insurer considered previously and shut down in January, would see it buy the Italian company and later join forces with international investors including KKR and Advent, the Italian daily said.

Advisers and investment banks working on a potential deal include Morgan Stanley, Barclays, Mediobanca, Deutsche Bank and Goldman Sachs, according to the newspaper.

Fineco shares rose earlier in the week after Il Sole 24 Ore mentioned the firm among target companies managing Italians’ ...