Credit Agricole Assurances to Take Over 50% of Europ Assistance France
October 22 2020 - 03:22AM
Dow Jones News
By Kim Richters
Credit Agricole SA said Thursday that its insurance business
Credit Agricole Assurances has agreed to take over a 50% stake in
Europ Assistance France as part of a strategic partnership to
extend its assistance services to customers.
Under the agreement, it plans to take over half of the
Assicurazioni Generali SpA-subsidiary's business in the French
market with its nonlife insurance subsidiary Pacifica in January
next year. One year later, Credit Agricole Assurances will assign
their French assistance activities to Europ Assistance.
The company didn't disclose any financial terms of the deal.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 22, 2020 03:07 ET (07:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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