Post a Comment Print Share on Facebook

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.

- 10 reads.

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.

Keywords:
EmpresasbancaEconomíaCaixaBankNegocios Y Finanzas Servicios Financieros Y Comerciales Seguros
Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.