Comments on: Eureko, Aviva enter Turkish insurance market http://www.turkeyfinancial.com/news/2007/03/22/eureko-aviva-enter-turkish-insurance-market/ Business and finance news from Turkey Fri, 04 Jul 2008 13:53:17 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Turkey Financial News » Blog Archive » Merge is the word for Turkey’s insurance industry http://www.turkeyfinancial.com/news/2007/03/22/eureko-aviva-enter-turkish-insurance-market/comment-page-1/#comment-72 Turkey Financial News » Blog Archive » Merge is the word for Turkey’s insurance industry Thu, 22 Mar 2007 11:38:41 +0000 http://www.turkeyfinancial.com/news/2007/03/22/eureko-aviva-enter-turkish-insurance-market/#comment-72 [...] Mergers and acquisitions in Turkey’s insurance world are continuing at full speed. Brisk trade continues after Spanish Mapfre’s takeover of Genel Sigorta and Austrian TBIH Financial Services’ buyout of Ray Sigorta. Dutch insurance company Euroko B.V., which does business exceeding 14 billion euros and serving approximately 7 million customers, purchased 80 percent of Garanti Sigorta A.Ş. and 15 percent of Garanti Emeklilik ve Hayat A.Ş., a pension fund. Another merger includes the Pension fund Ak Emeklilik, a subsidiary of Sabancı Holding, and Aviva Hayat ve Emeklilik. According to the press releases, Euroko B.V. purchased 80 percent of Garanti Sigorta for 365 million euros and 15 percent of Garanti Emeklilik for 100 million euros. [...] [...] Mergers and acquisitions in Turkey’s insurance world are continuing at full speed. Brisk trade continues after Spanish Mapfre’s takeover of Genel Sigorta and Austrian TBIH Financial Services’ buyout of Ray Sigorta. Dutch insurance company Euroko B.V., which does business exceeding 14 billion euros and serving approximately 7 million customers, purchased 80 percent of Garanti Sigorta A.Ş. and 15 percent of Garanti Emeklilik ve Hayat A.Ş., a pension fund. Another merger includes the Pension fund Ak Emeklilik, a subsidiary of Sabancı Holding, and Aviva Hayat ve Emeklilik. According to the press releases, Euroko B.V. purchased 80 percent of Garanti Sigorta for 365 million euros and 15 percent of Garanti Emeklilik for 100 million euros. [...]

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