Mutua Madrileña Will Raise to 100% Her Participation in Colombian State Insurance and State Life Insurance
12 Articles
12 Articles
The company already had 45% of the capital and is committed to maintaining the brands and employment
Already owned 45% of the company, and with the acquisition reinforces its commitment to Latin America
El Periódico
The Spanish insurer will take full control of State Insurance and State Life Insurance, maintain its trademarks and plan to close the operation in the last quarter after receiving regulatory authorizations
The board of directors of Mutua Madrileña has agreed on Monday to increase its participation in Colombian private insurers State Insurance and State Life Insurance from 45% to 100%. The operation has received the approval of almost ten Colombian companies that own 55% of the capital. In addition, both entities, which will maintain the usual brand, will continue to work jointly with Mutua Madrileña in the development of Colombian companies and in…
The Board of Directors of Mutua Madrileña, chaired by Ignacio Garralda, has approved to increase its participation in Colombian private insurance companies Insurance of the State...
The Spanish insurer had already landed in its capital seven years ago
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