Zurich Finan Servs - TEB Sigorta A.S. in Turkey
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RNS Number:2124R
Zurich Financial Services
31 March 2008
Zurich closes acquisition of TEB Sigorta A.S. in Turkey
Zurich Financial Services
Mythenquai 2
8022 Zurich
Switzerland
www.zurich.com
SWX Swiss Exchange/virt-x:
ZURN
Valor: 001107539
Media Relations
Phone +41 (0)44 625 21 00
Fax +41 (0)44 625 26 41
media@zurich.com
Investor Relations
Phone +41 (0)44 625 22 99
Fax +41 (0)44 625 36 18
investor.relations@zurich.com
Zurich, March 31, 2008 - Zurich Financial Services Group (Zurich) has announced
today the completion of the acquisition of 100% of general insurer TEB Sigorta
A.S. from TEB Mali Yatirimlar A.S. (TEB Mali). TEB Sigorta is one of the fastest
growing and most profitable general insurance companies in Turkey with a strong
focus on banc-assurance. After having announced this transaction on January 24,
2008, Zurich has now received all necessary regulatory approvals.
Zurich Financial Services Group (Zurich) is an insurance-based financial
services provider with a global network of subsidiaries and offices in North
America and Europe as well as in Asia Pacific, Latin America and other markets.
Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs
approximately 60,000 people serving customers in more than 170 countries.
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