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Banco di Desio e della Brianza SpA Signs Preliminary Contract for Sale of Entire Stake in Chiara Vita SpA to Helvetia Holding AG; Helvetia Holding AG to Acquire 51% Stake in Chiara Assicurazioni SpA


Tuesday, 20 Nov 2012 03:00am EST 

Banco di Desio e della Brianza SpA announced that it has signed a preliminary contract for the sale to Helvetia Holding AG Group of the entire stake held in Chiara Vita SpA, equal to 30% of the share capital, for a total of EUR 22.5 million to be paid entirely at the closing expected by December 31, 2012. Banco di Desio e della Brianza SpA also signed with Helvetia Holding AG Group another preliminary agreement for the acquisition by Helvetia of a 51% stake in Chiara Assicurazioni SpA, a company where Banco di Desio e della Brianza holds approximately a 67% stake. 

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