The operation, with a price of 262 million euros, consolidates the company’s Non-Life activities
Swiss group Helvetia has completed the sale to CaixaBank of its stake in Spanish insurance company Sa Nostra Vida for 262 million euros, the company announced in a statement on Friday.
This operation, together with the expansion of the interest in Caser last summer, consolidates the company’s Non-Life business.
Helvetia announced on June 28 the sale of its stake in the insurance company Sa Nostra Vida, which it owned through Caser. Now, after obtaining all the necessary permits, the operation has been completed, with a sale price of 262 million euros.
Last summer, Helvetia bought about 10% of Spanish insurance company Caser from Unicaja, increasing its stake to 80%, while reaching an agreement for VidaCaixa, a subsidiary of CaixaBank, to sell its 81.31% stake in the social capital of Sa Nostra Vida to buy. .
Source: La Verdad
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