30 May 2019, Natalia Yanakieva, Head of Industry Research, EMIS
Brazil's Caixa hires Morgan Stanley as co-advisor on insurance deals ahead of IPO - source
The lender’s insurance arm Caixa Seguridade Participacoes opened up four procedures to select insurance partners to sell health, dental, assistance and large risk policies for 20 years.
The move is aimed at boosting Caixa Seguridade's revenue before its IPO, which is likely to take place in the coming months and which will see Caixa sell a minority stake and keep control over the insurance unit.
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