.
MergerLinks Header Logo

New Deal


Announced

Santa Lucia to acquire a 50% stake in the reinsurance unit from Unicaja for $339m.

Financials

Edit Data
Transaction Value£277m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Domestic

Acquisition

Friendly

reinsurance company

Spain

Majority

Private

Pending

Reinsurance

Single Bidder

Synopsis

Edit

Santa Lucia, an insurance company, agreed to acquire a 50% stake in the reinsurance unit from Unicaja, a Spanish savings bank, for $339m. The deal is pending regulatory approvals. Unicaja will hold the rest of this business unit and extend its bank assurance agreement with Santa Lucia in certain areas such as savings, life risk and pension plans.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US