Closing of the acquisition of Royal & Sun Alliance Seguros (Brasil) S.A.
In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby announces that today its subsidiary, Suramericana S.A. through the company, Inversiones Sura Brasil S.A.S (which is wholly-owned by Suramericana S.A. and based in Colombia) culminated the acquisition of a 99.9995% stake in the share capital belonging to Royal & Sun Alliance Insurance (Brasil) S.A. corresponding to a total of 18,232,141 ordinary shares. Royal & Sun Alliance Seguros (Brasil) S.A. is an insurance company incorporated and existing under the laws of the Federal Republic of Brazil, having previously belonged to Sun Alliance Insurance Overseas Limited domiciled in the UK. Following the signing of the corresponding sales agreement worth approximately USD 614 million (GBP 403 million), as duly announced last September, the portion of the transaction corresponding to the Brazilian operations was approved by the Brazilian Superintendency of Private Insurance ("SUSEP ") without any objection being raised. Consequently the Brazilian firm, Royal & Sun Alliance Insurance (Brazil) S.A. now forms part of the SURA Business Group and its products shall henceforth be marketed under the SURA brand.
Q4-2020 earnings call
Monday, March 1 at 9:00 a.m. (Colombia local time) Join the webcastconnect to the webcast