CNP Assurances: finalises agreement with CEF in Brazil

(CercleFinance.com) - CNP Assurances has announced finalising its new exclusive twenty-year distribution agreement in the Caixa Econômica Federal (CEF) network, covering the consórcio product.


CNP Assurances announces that the closing operations with Caixa Econômica Federal and Caixa Seguridade have been finalised, including the payment of 250 million Brazilian reais (about 37 million euros) to Caixa Econômica Federal.

A new joint company has been created. The voting rights will be split 50.01% for CNP Assurances and 49.99% for Caixa Seguridade.


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