Crédit Agricole Assurances to buy out Novo Banco’s stake in GNB Seguros
Crédit Agricole Assurances, the insurance business of French banking giant Crédit Agricole, is acquiring the remaining 25% stake it previously did not own in GNB Seguros, a Portuguese non-life insurance company, from Novo Banco. The financial terms of the deal were not disclosed. The deal also includes a 22-year non-life insurance distribution agreement between Novo […]