trending Market Intelligence /marketintelligence/en/news-insights/trending/TiFXgAqPDAq3-M-lZ0YjUA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

With approvals in hand, Grupo Sura set to close RSA Mexico deal by May 31

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


With approvals in hand, Grupo Sura set to close RSA Mexico deal by May 31

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.