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Coface to acquire SID Bank's credit insurance unit

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Coface to acquire SID Bank's credit insurance unit

French insurer Coface SA has signed a binding agreement with SID - Slovenska izvozna in razvojna banka dd Ljubljana to acquire its credit insurance subsidiary, PKZ capital.

The acquisition is subject to regulatory approvals, which are expected to be received in the coming months.

Coface expects a slightly positive impact on its EPS in 2019 and a neutral impact on its solvency ratio.