SAO PAULO, 11/3/10 – Brazilian insurance group Sul America has sold its subsidiary Sul America Companhia Nacional de Seguros’ (Salic) entire stake in auto insurance company Brasil Veiculos Companhia de Seguros to BB Alianca REV Participacoes, a subsidiary of BB Seguros Participacoes, the insurance division of state-run bank Banco do Brasil.
The transaction price is R$359 million.
(Newsroom – Agencia IN)
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