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

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.