Madrid 2,338 EUR 0 (0,17 %)
Madrid 2,338 EUR 0 (0,17 %)

CORPORATE | 11.08.2018

Restructuring of strategic alliance with Banco de Brasil is authorized

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MAPFRE has conveyed to the CNMV that it has received the final regulatory authorization necessary to complete the restructuring of the strategic alliance that has been agreed with BANCO DO BRASIL.

After having received the corresponding regulatory and administrative authorizations, the transaction is expected to close this coming November 30, 2018, at which date MAPFRE will pay approximately 490 million euros.