Announced
Cardif Group to acquire the remaining stake in LuizaSeg Seguros from Magazine Luiza for $203m.
Financials
Transaction Value£161m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
Brazil
insurance solutions
Insurance Brokers
Acquisition
Domestic
Majority
Private
Friendly
Pending
Single Bidder
Synopsis
Cardif Group, an international insurance company, agreed to acquire the remaining stake in LuizaSeg Seguros, a insurance solutions provider, from Magazine Luiza, a Brazilian retail company, for $203m.
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