trending Market Intelligence /marketintelligence/en/news-insights/trending/PjrrY_bPxJ2zVADzWwri7Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

FID Peru completes 51% acquisition of La Positiva Seguros

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


FID Peru completes 51% acquisition of La Positiva Seguros

FID Peru SA has completed its acquisition of a majority stake in La Positiva Seguros y Reaseguros SA, the latter company said in a Jan. 4 filing.

FID Peru purchased 194,224,590 shares of La Positiva, accounting for 51% of the company's share capital.

In March 2018, a shareholder group holding a 59.50% stake in La Positiva had announced it would sell shares to FID Peru's parent company, Portugal-based Fidelidade - Companhia de Seguros SA.

La Positiva Seguros is Peru's fourth-largest insurance group with a market share of 11% and consolidated premiums of more than $500.0 million.