Closing of sale of majority interest in ZC Sterling Corporation
Zurich, July 1, 2005 – Zurich Financial Services Group (Zurich) announced the completion of the sale of its equity stake of about 94% in ZC Sterling Corporation to Trident III, L.P., after receiving all approvals of the relevant authorities. This transaction was announced on May 24, 2005. Both parties agreed to keep the value of the transaction confidential.