Spanish bank sells insurer stake to Mutua Madrilena
Spanish bank La Caixa's holding company Criteria today said it is selling half of La Caixa's insurance business for Euros 1.08bn to Madrid-based insurer Mutua Madrilena.
The deal includes an agreement for the exclusive and indefinite distribution of the health, home and motor oproducts through the 5 400 offices of La Caixa.
The deal will see Mutua Madrilena's income
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