Zurich Financial Services Group said its subsidiary, Zurich Spain, has acquired a 50 percent stake in Can Soluciones Integrales S.A. from Caja de Ahorros y Monte de Piedad de Navarra, a financial banking institution in the Navarra, Spain region.

The deal is worth a total of $134 million involving a direct payment of $71 million and earn-out payments of up to $63 million depending on future performance, Zurich said.

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