Mediobanca SpA, Italy’s biggest listed investment bank, will sell stakes in companies including Assicurazioni Generali SpA and Telecom Italia SpA, as it seeks to become profitable again.

Mediobanca plans to raise 1.5 billion euros ($2 billion) by selling shares in Telecom Italia and RCS MediaGroup SpA, and reducing by about 3 percent its 13.2 percent interest in Generali over three years, the Milan-based company said in a statement today.

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