CNP Assurances finalizes the sale of CNP Partners in Spain











Photo credit © CNP Assurances


(Boursier.com) — CNP Assurances announces the completion of the sale of 100% of the capital of CNP Partners, its Spanish life insurance subsidiary, to Mediterráneo Vida. CNP Partners’ activities are mainly dedicated to traditional savings products in Spain and Italy.

As part of its strategic development, CNP Assurances will continue to increase its loan and provident business through its Spanish branch.

This disposal, for an amount of €126.3 million upon completion of the transaction, has an impact of approximately +0.5 pt on the CNP Assurances Group solvency ratio.

As of December 31, 2021, CNP Partners’ revenue and net income represented 0.75% and 0.01% of the CNP Assurances Group’s results respectively.


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