Banco de Guayaquil, Río Guayas
Date: Dec 2011
Client: Banco de Guayaquil, Río Guayas
Counterparty: ACE Group
Industry: Financial Institutions
Amount: USD 55 million
Transaction:
Landmark Alantra acted as exclusive financial advisor to Banco de Guayaquil S.A. in Ecuador on the sale of 100% of the shares of its insurance company Rio Guayas Compañía de Seguros y Reaseguros S.A. to The ACE Group for US$ 55 million. Rio Guayas is a leading P&C and life insurance company in Ecuador. The ACE Group is a global leader in insurance and reinsurance, serving a diverse group of clients and with a presence in more than 50 countries, including Ecuador. This transaction doubles ACE´s existing business in Ecuador.
Dec 2011
Financial advisor to
on the sale of 100% of Río Guayas to
USD 55 million
