Barclays Launches Life Insurance JV In Spain, Portugal, Italy
September 10 2009 - 9:35AM
Dow Jones News
U.K. bank Barclays PLC (BARC.LN) said Thursday that it and CNP
Assurances SA (CNP.FR), a personal insurer in France, with
operations in the rest of Europe and in South America, have
established a long-term life insurance joint venture in Spain,
Portugal and Italy.
MAIN FACTS:
-JV follows the completion of the sale of a 50% stake in
Barclays Vida y Pensiones Compania de Seguros to CNP.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com