Generali to Buy 9.9% of Spain's Banco De Crédito Cooperativo for €150 Million
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16 Articles
La aseguradora Generali ha entrado en el accionariado de Banco de Crédito Social Cooperativo (BCC), entidad cabecera de Grupo Cajamar, tras acordar la
According to the insurer, the investment will not have a material impact on the group's solvency level.
The operation is expected to be completed during the second half of 2027 and will allow the Italian insurer to strengthen its alliance with the cooperative group, with which it has been developing its banking insurance activity in Spain since 2004.
Generali has reached an agreement for the acquisition of a stake of about 9.9% in Banco de Crédito Cooperativo (BCC), holding company of Grupo Cooperativo Cajamar (GCC), for a consideration of 150 million euros. (ANSA)
The entities of Grupo Cajamar continue to represent the majority of the shares of the Cooperative Social Credit Bank, exceeding 78 per cent of the capital.
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