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TMCNet:  If P&C Insurance to acquire P&C insurance business from TrygVesta

[November 07, 2012]

If P&C Insurance to acquire P&C insurance business from TrygVesta

Nov 07, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- If P&C Insurance Company, a Finland-based property and casualty insurance company, has signed an agreement to acquire the P&C insurance business from TrygVesta A/S, a Denmark-based provider of general insurance products, for a consideration of EUR15 million.

The transaction is expected to be completed during the spring of 2013.

Deal Value (US$ Million) 19.2 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2012-11-06 Deal Participants Target (Company) TrygVesta A/S - P&C Insurance Business - Finland Acquirer (Company) If P&C Insurance Company Vendor (Company) TrygVesta A/S

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