Intesa Sanpaolo Vita: sale of Union Life
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.
Gruppo Intesa Sanpaolo
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