Mapfre buys bank's stake in Mapfre America for €244m
Spnaish savings bank Banco Financiero y de Ahorros has agreed to sell its 10.36% stake in Mapfre America to the insurer's parent company for €244m.
BFA has today exercised a put option agreed between the parties in 2005.
"Mapfre will further progress in its international development in a region of significant importance to the group," the firm
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