Zurich Financial Services Group says it has signed a definitive agreement with Banco Santander SA to buy a majority interest in the bank's Latin America insurance operations.
The Zurich, Switzerland-based insurer says the agreement is “materially unchanged from what was announced” on Feb. 22.
The carrier went on to say that it and Madrid, Spain-based Banco Santander expect the transaction to be completed before the end of this year.
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