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CNP Assurances SA signs long-term strategic partnership with Banco Santander, acquires 51 percent stake in subsidiaries


Thursday, 10 Jul 2014 02:45am EDT 

CNP Assurances SA:Says it has entered into an exclusive long-term distribution agreement with Santander Consumer Finance (Banco Santander Group) and has agreed to acquire a 51 pct stake in Santander Consumer Finance's life and non-life insurance subsidiaries.The partnership includes all the life insurance products.Says it will cover 10 European countries: Germany, Poland, Italy, Spain, Austria, Portugal, Norway, Sweden, Denmark and Finland. 

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