Europ Assistance Group acquires 100% of Portuguese business
Europ Assistance Group reached an agreement with Seguradoras Unidas to acquire its stake in Europ Assistance Portugal, holding now 100% of the company which has operated in the country for 25 years.
This acquisition strengthens the group's strategic focus in Portugal, where it provides assistance to over half a million Portuguese. It is also the recognition of the quality, innovation and team spirit of the company's 400 employees.
In Portugal, the company began its activity in travel and auto assistance, but in recent years it has developed into other business areas, like health and home & family assistance.
For the CEO of Europ Assistance Group, Antoine Parisi: “This acquisition confirms the Group’s commitment to Portugal. Also it reinforces our stakes in our subsidiaries in Brazil, Chile and Argentina. Latin America being a strategic market to our Group”.
Paula Casa Nova, CEO of the company in Portugal, believes that this acquisition "is a proof of the group's confidence in the portuguese market, opening new possibilities for growth in an increasingly competitive and digital market, but where the human resources still make the difference and key for our success in the future."