The board of Assicurazioni Generali S.p.A. will discuss a proposal to acquire 49% stake in Generali PPF Holding B.V. from PPF Group N.V. that it does not currently own, three sources with knowledge of the matter said. The sources said the proposal envisaged Generali purchasing an initial 25% stake in Generali PPF from PPF with an option to buy a further 24% late in 2014. The sources did not give details on how much Generali will pay under this proposal.

Generali and PPF refused to comment to Reuters.