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Article: CNP Assurances Sells in Portugal its Majority Stake in the Insurance Group Global Seguros to Rentipar Seguros SGPS.
- Article from:
- PR Newswire
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS, November 12 /PRNewswire-FirstCall/ -- CNP Assurances entered into an agreement with Rentipar Seguros SGPS for the sale of its stakes of 83.52% et 83.57% respectively in Global - Companhia de Seguros, S.A. and Global Vida - Companhia de Seguros de Vida, S.A. (together, Global Seguros), for a total consideration of 117 million euros, valuing both companies at 140 million euros for 100% of share capital. Rentipar Seguros SGPS is a company controlled by Mr. Horacio da Silva Roque, founder and majority shareholder of Banif group, which in particular holds the Portuguese insurance company Acoreana Seguros.
Subject to customary regulatory approvals, the closing ...