...Czech insurer Ceska Pojistovna, and will put in 1.1 billion euros ($1.50 billion) and central European assets.
Under the agreed deal, Generali will take a 51 percent stake in the joint venture and put in assets worth 1.5 billion euros, both companies said in a statement.
PPF will own the remaining 49 percent of the joint venture.
The deal, expected to be completed in the second half of 2007, values Ceska Pojistovna at 3.6 billion euros.