Grupo de InversionesSuramericana SA said that its SuramericanaSA unit garnered the necessary regulatory approvals to acquire Royal& Sun Alliance Seguros (México) and expects to close the by the end of the month.

In a statement dated May 5, the company said that the ComisiónNacional de Seguros y Fianzas and the Comisión Federal de Competencia Económicahave approved the deal.

The statement confirms commentsby RSA Seguros CEO Francisco Oliveros, who in mid-April said the deal was on trackto close in May. Grupo Sura struck a £403 million deal to acquire 's operations inLatin America in September 2015.

Grupo Sura has already completed the acquisition of RSA's operationsin Colombia, , Argentina and Chile,with the remaining deals set to close in the coming months.