Fidelidade increased its stake in Peruvian insurance company La Positiva to 93.9% and acquired 42.9% of the capital for approximately EUR 101.2 million in a public takeover bid (OPA), the company announced in a statement on Thursday.
“This transaction, which was already foreseen in the first agreement of 2018, enables the strengthening of Fidelidade’s control position in La Positiva, which is considered a strategic asset in the group’s international expansion, and brings the total investment in this large company at 192.5 million euros. Latin American insurer”justifies in the document.
“Gaining control of 93.9% of the company is a sign of great confidence in the future of this market and demonstrates the importance to the global growth of Fidelidade, which is already present in 12 countries and four continents. activities to double outside the country by 2025″put forward the director with international responsibility of Fidelidade, André Cardoso.
Fidelidade’s international presence represents 27% of the insurer’s current turnover and this year, turnover from abroad is expected to exceed EUR 1,400 million in premiums.
La Positiva is present in Peru, Bolivia and Paraguay.