Banco de Sabadell SA Buys Aegon NV's Share Of Insurance JV For EUR449.5 Million-DJ


Friday, 19 Jul 2013 12:19pm EDT 

Dow Jones reported that Banco de Sabadell SA said that it has agreed to buy the 49.99% it doesn't already own of Mediterraneo Vida, a bankassurance joint venture with Dutch insurer Aegon NV, for EUR449.5 million ($588.96 million). Mediterraneo Vida was the bankassurance business of Caja de Ahorros del Mediterraneo, a troubled bank that Sabadell took over last year after CAM had been bailed out and cleaned up.