Eureko closes sale of Avéro Belgium Insurance to Baloise
Eureko today announces that it has closed the sale of its Belgian operation Avéro Belgium Insurance to Baloise in Switzerland. The selling price amounts to 75 million euros. All regulatory authorities have approved the transaction.
Eureko and Baloise announced on 20 July 2010 that they signed an agreement leading to the sale and purchase of Avéro Belgium Insurance. The brand name ‘Avéro’ will be used during a short transitional period before being removed from the Belgian market. The office in Brussels will be retained.