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Mapfre, S.A. (MAP.MC)

MCE - MCE Delayed price. Currency in EUR
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1.7750+0.0014 (+0.08%)
At close: 05:35PM CEST
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  • Reuters

    Spain's Caixabank takes over Bankia insurance business from Mapfre

    MADRID (Reuters) -Spanish insurer Mapfre said on Wednesday it had sold its stake in Bankia's insurance business to Caixabank in a 571 million euro ($645.12 million) deal, although it has begun arbitration that could increase the value. Caixabank, which took over Bankia in March, has agreed to pay 324 million euros for Mapfre's 51% stake in Bankia Vida life insurer, adding to the 49% it owned.