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DARAG DeutscheVersicherungs-und Rückversicherungs-AG agreed to acquire fromErgo Italia SpA.
The company did not disclose the consideration for the transaction,which is subject to authorization by Italian regulator IVASS.
DARAG said ERGO Assicurazioni will be renamed DARAG Italia SpA,following receipt of regulatory approval, and will be a platform for thecompany's activities in Southern Europe.
Germany-based ERGOGroup AG is the ultimate parent of Ergo Italia.