Zurich closes acquisition of 50% stake in Caixa Sabadell’s life and general insurance companies in Spain
Zurich, August 14, 2008 – Zurich Financial Services Group (Zurich) announced today the completion of the acquisition of a 50% stake in Caixa d’Estalvis de Sabadell’s (Caixa Sabadell) life and general insurance companies, CaixaSabadell Vida, S.A. de Seguros y Reaseguros and CaixaSabadell Companyia d’Assegurances Generals, S.A. The transaction enables Zurich to combine the strong distribution capacity of Caixa Sabadell with Zurich’s proposition strengths and pan-European operating platform and was first announced on April 24, 2008.