CNP Assurances completes acquisition of Assuristance

CNP Assurances has finalized the acquisition of a 34% stake in Assuristance, the assistance and legal protection company owned by CNP Assurances. This stake was previously held by Swiss Life France.

The transaction has been approved by the French Prudential Supervision and Resolution Authority and the competition authority.

The French group thus becomes the sole shareholder of Assuristance. The amount of the transaction has not been disclosed.