(Reuters) - Pop Verona will transfer a 50 percent stake of its
insurance branch BPV Vita to Fondiaria for 530 million euros
. It expects a capital gain of 470 million euros
from the transaction.
The banks, who said they were advised by Credit Suisse on
the deal, said BPV Vita would have a distribution network of
about 2,200 branches, with a target of 6 billion euros in
annual premium income.
Read more at Reuters.com Mergers News
insurance branch BPV Vita to Fondiaria for 530 million euros
. It expects a capital gain of 470 million euros
from the transaction.
The banks, who said they were advised by Credit Suisse on
the deal, said BPV Vita would have a distribution network of
about 2,200 branches, with a target of 6 billion euros in
annual premium income.
Read more at Reuters.com Mergers News
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