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New Deal


Announced

Mediterraneo Vida to acquire CNP Partners from CNP Assurances for $527m.

Financials

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Transaction Value£421m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Spain

Single Bidder

pension scheme

Friendly

life insurance

Life Insurance

Pending

Private

Domestic

Majority

Acquisition

Synopsis

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Mediterraneo Vida, a provider of insurance, agreed to acquire CNP Partners, a provider of life insurance and pension plans based in Madrid, from CNP Assurances, a personal insurance company, for $527m. "We approach this new phase with great enthusiasm and look forward to working with the CNP Partners team in both Spain and Italy to progress the innovative project we have for both markets," Antonio Trueba, MedVida CEO

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