World Insurance Report
CNP Assurances buys stake in Cypriot bank
The French insurer said it hopes to expand Marfin’s banking activities into Eastern Europe
The French provider of personal insurance, CNP Assurances, is to buy a 50.1% stake in the insurance activities of the Cypriot
based Marfin Popular Bank for some €145mn ($228mn). Additional monies may be payable if the venture meets specified targets.