Announced
Completed
Financials
Sources
Tags
Greece
broker services
Majority
Single Bidder
insurance
Private
Acquisition
Insurance Brokers
Friendly
Completed
Synopsis
MATRIX, a independent insurance broker, completed the acquisition of Piraeus Insurance Brokers, the broking arm of Piraeus Bank. Financial terms were not disclosed. "Our acquisition of Piraeus Insurance Brokers underlines MATRIX’s capacity to provide increasingly exceptional and added value services and benefits to existing and future clients, as well as to the larger corporate clients of the largest Greek bank," Dimitris Tsesmetzoglou, MATRIX Insurance and Reinsurance Brokers CEO.
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