Mapfre agrees €85m insurance stakehold in Caixa banks
Spanish insurer Mapfre has agreed to aquire a 50% stake in the insuraance subsidiariers of banks Caixa Manresa and Caixa Tarragona for €85.7m (£74.4m)
The consideration for the banks, which are set to merge as Caixa Catalunya, will be paid in a number of installments until 2015. It includes the life, non-fife and pension plans businesses, and is
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