UniCredit completed the acquisition of a 51% stake in CNP UniCredit Vita from CNP Assurances.

UniCredit, an international banking group, completed the acquisition of a 51% stake in CNP UniCredit Vita, an operator of a life insurance company, from CNP Assurances, an insurance company. Financial terms were not disclosed. "I would like to thank all the employees of CNP Unicredit Vita for their commitment over the years, which has contributed to the success of this subsidiary within the Group. CNP Assurances remains fully committed to Italy and is pursuing its development plans through its subsidiary CNP Assicura and its Italian branches," Marie-Aude Thépaut, CNP Assurances CEO.