02 Oct 2018, Natalia Yanakieva, Acting Head of Editorial, EMIS
France’s CNP, Brazil’s Caixa Seguridade set up JV
.png)
France’s CNP Assurances and Brazil’s Caixa Seguridade have agreed to establish a new joint venture for life and retirement insurance cover. CNP committed to paying an earn-out BRL 4.65bn to Caixa Seguridade for 40% of the equity and 51% of the common shares of the new venture. Once regulatory approval is granted, the new entity will replace a previous JV between the two companies, which also provided home and auto insurance policies. Caixa Seguridade will likely be looking for a new partner to cover these two segments.
Sign in and read the full article in emis.com, or find out more about EMIS. Original source: SABI - Business News