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New Deal


Announced

Grupo Ges to acquire AMIC Seguros from Grupo PSN.

Financials

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

Sources

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Tags

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Spain

Domestic

Majority

Private

Single Bidder

auto insurance

Pending

Full Line Insurance

Acquisition

Friendly

Synopsis

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Grupo Ges, an insurance company, agreed to acquire AMIC Seguros, an insurance company, from Grupo PSN, an insurance agency. Financial terms were not disclosed. "This alliance promotes the offer that Grupo PSN offers to its mutual members and policyholders, relying on the quality of service and competitiveness of the Ges Group," Grupo PSN.

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