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Featured economía Política Cataluña tecnología Natascha Hein

Unicaja sells 10% of Caser to the Swiss company Helvetia

The bank maintains another 10% in the insurer, with which it has a bancassurance agreement.

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Unicaja sells 10% of Caser to the Swiss company Helvetia

The bank maintains another 10% in the insurer, with which it has a bancassurance agreement

The Helvetia group increases its stake in its insurance subsidiary Caser by 10%, after buying this stake from Unicaja. With this, he becomes the owner of 80% of this entity.

With this operation Unicaja reduces its stake in Caser from 20% to 10% after its merger with Liberbank. The entities have agreed not to disclose the purchase price.

Both Caser, Unicaja and Ibercaja will continue to work within the framework of long-term bancassurance cooperation, which will not be affected by these operations and will continue without changes, says Helvetia.

Caser is also 10% owned by Ibercaja, with which it also has a bancassurance agreement in general lines as with Unicaja.

This operation takes place in parallel to the purchase by CaixaBank of the 19% that Caser owns in Sa Nostra Vida y Pensiones for 262 million euros. With this transaction, this bank will control 100% of Sa Nostra Vida, an insurer that works only in the Balearic Islands.

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