Authorization for the acquisition of RSA Uruguay
In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby announces that its subsidiary Suramericana S.A. has now obtained official authorization for acquiring a 100% stake in the share capital belonging to Royal & Sun Alliance Seguros (Uruguay) S.A.
After signing the purchase agreement for acquiring RSA´s entire assets in Latin America, as opportunely announced in September 2015, the acquisition of the assets corresponding to Uruguay has now received due approval from the Superintendency for Financial Services attached to Uruguay´s Central Bank.
Consequently the acquisition in this part of the world is expected to be finally closed on June 30 whereupon the aforementioned Company shall form part of the Sura Business Group as a subsidiary of Suramericana S.A.