M&A Deal Summary

CNP Assurances Acquires Skandia Vida S.A. de Seguros y Reaseguros

On December 20, 2006, CNP Assurances acquired insurance company Skandia Vida S.A. de Seguros y Reaseguros from Skandia Insurance Co.

Acquisition Highlights
  • This is CNP Assurances’ 1st transaction in the Insurance sector.
  • This is CNP Assurances’ 1st transaction in Spain.

M&A Deal Summary

Date 2006-12-20
Target Skandia Vida S.A. de Seguros y Reaseguros
Sector Insurance
Buyer(s) CNP Assurances
Sellers(s) Skandia Insurance Co.
Deal Type Divestiture

Target

Skandia Vida S.A. de Seguros y Reaseguros

Madrid, Spain
Skandia Vida S.A. de Seguros y Reaseguros (CNP Vida) is a provider of long-term savings products and company focused on traditional life products, mainly distributed through Spanish savings banks.

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Buyer(S) 1

Buyer

CNP Assurances

Paris, France

Category Company
Founded 1850
Sector Insurance
Employees5,429
Revenue 34.0B EUR (2020)
DESCRIPTION

CNP Assurances is a provider of life insurance and term creditor insurance, company provi Savings, Pensions, and Personal Risk products and services. CNP Assurances was founded in 1850 and is based in Paris, France.


DEAL STATS #
Overall 1 of 3
Sector: Insurance M&A 1 of 2
Type: Divestiture M&A Deals 1 of 3
Country: Spain M&A 1 of 1
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Aviva - Life Insurance Businesses

London, United Kingdom

Aviva's Life Insurance Businesses provides a full range of insurance services.

Buy £462M

Seller(S) 1

SELLER

Skandia Insurance Co.

Southampton, United Kingdom

Category Company
Founded 1855
Sector Insurance
DESCRIPTION

Skandia Insurance Co. Ltd. is an independent providers of quality solutions for long-term savings. Founded in Sweden in 1855, Skandia currently operates in over 20 countries, with the United Kingdom and Sweden as its largest markets.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2006 M&A 1 of 1