Euler Hermes SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Euler Hermes SA and Mapfre SA Enter Joint Venture in Spain and Latin America
Euler Hermes SA and Mapfre SA announced that they have entered a joint venture to develop their credit insurance business in Spain and four Latin American countries. The joint venture will launch its operations in the beginning of 2013, once approvals from the regulatory authorities in the various countries have been obtained. Mapfre and Euler Hermes will be integrating on a 50/50 basis their existing credit insurance activities in Spain, Argentina, Chile, Colombia and Mexico with a consolidated turnover of EUR 135 million in 2011.
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