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New Deal


Announced

Liberty Seguros to acquire a 50.01% stake in Bankinter Liberty Hogar y Auto from Bankinter.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Portugal

insurance business

Acquisition

Single Bidder

Spain

Property and Casualty Insurance

Cross Border

Majority

Friendly

Pending

Synopsis

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Liberty Seguros, an insurance company, agreed to acquire a 50.01% stake in Bankinter Liberty Hogar y Auto, a firm focusing on marketing of automobile and homeowners' insurance products and services, from Bankinter, a Spanish financial services company. Financial terms were not disclosed. "Bankinter's agility, enthusiasm, integrity and originality make a perfect fit with our commitment to technology and modular products. By putting people first and keeping things simple, we aim to win customers and keep their trust," Juan Miguel Estallo, Liberty Seguros CEO.

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