Mapfre ups stake in Central American operations to 100%
Spanish insurer Mapfre has taken a 100 percent stake in Mapfre Mundial, a holding company that makes up its Central American operations.
Mapfre announced on Monday (2 July) that it had acquired another 35 percent of Mapfre Mundial from Panama-based financial group Grupo Mundial for an undisclosed amount, effective from 30 June, to take full control of all its regional holdings in Central America.
Mapfre chairman Antonio Huertas Mejias said the deal shows Mapfre's confidence in Panama, its institutions and...
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