Grupo Financiero Ficohsa to acquire ASESUISA from Grupo Sura.

Transaction Tags

• insurance company
• Insurance Brokers
• Acquisition
• Majority
• Private
• El Salvador
• Friendly
• Cross Border
• Pending
• Single Bidder

Synopsis

Grupo Financiero Ficohsa, a financial services conglomerate, agreed to acquire ASESUISA, an insurance broker from Grupo Sura, a financial services firm. Financial terms were not disclosed. "The commitment to promote Central America is the engine that moves us as an organization and this acquisition brings us closer to that goal, consolidating us as one of the regional leaders in the field of insurance . We are committed to the social and sustainable development of El Salvador, through innovation and a customer-focused culture, elements that characterize us," Luis Atala, Financiero Ficohsa Corporate Vice President.

Sources