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08/06/2015

Intesa Sanpaolo Vita finalises sale of 19.9% of Chinese Life Insurance Company Union Life

Turin - Milan, June 5th 2015 – Intesa Sanpaolo Vita communicates that the sale of the stake held in Chinese life insurance company Union Life (19.9% of the latter’s capital) has been finalised today for a consideration of approximately 165 million euro. This transaction represents a positive contribution of around 50 million euro after tax to the consolidated income statement.

 

Intesa Sanpaolo Vita has been assisted by Chiomenti Studio Legale as legal advisor.

 

For information:

Gruppo Intesa Sanpaolo

Ufficio Media Banca dei Territori e Media Locali

06 67124992

stampa@intesasanpaolo.com