2022

2022 Open
2022 Open

CNP Assurances in exclusive negotiations for the sale of its subsidiary CNP Partners to Mediterráneo Vida

3 March 2022

 

CNP Assurances has begun exclusive negotiations with Mediterráneo Vida1 for the sale of its Spanish life insurance subsidiary CNP Partners, subject to certain conditions precedent.


CNP Partners is a life insurance company specialised primarily in the open model distribution of traditional savings products in Spain and Italy. It contributed 0.75% of the CNP Assurances Group’s total premium income in 2021.


The purpose of the proposed sale is to streamline CNP Assurances’ European operations. CNP Assurances will continue to grow its protection business (term creditor insurance and personal risk insurance) in the Spanish market through its local branches.

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