Edition:
India

Munich Re's Ergo: Agreement To Sell Further Assets To Generali


Thursday, 11 Apr 2019 

April 11 (Reuters) - Munich Re's ERGO unit ::ERGO INTERNATIONAL AG HAS SIGNED AN AGREEMENT TO SELL THE INSURANCE PORTFOLIOS OF THREE MORE GROUP ENTITIES TO GENERALI GROUP.SALE IS FOR ITS LIFE, NON-LIFE AND COMPOSITE PORTFOLIOS IN HUNGARY AND SLOVAKIA.SALE IS SUBJECT TO CERTAIN REGULATORY AND ANTI-TRUST APPROVALS.PARTIES HAVE AGREED NOT TO PROVIDE DETAILS OF THE PURCHASE PRICE AND OTHER TERMS. 

Company Quote