Brief: Catalana Occidente Says Its Traditional Business Companies Are Unified Under New Occident Brand

Grupo Catalana Occidente SA

23/02/2023 13:57

Feb 23 (Reuters) - Grupo Catalana Occidente SA  GCO.MC :
    * ITS TRADITIONAL BUSINESS COMPANIES ARE UNIFIED UNDER THE
NEW
OCCIDENT BRAND
    * MERGER WILL COMPLETE PROCESS OF CORPORATE SIMPLIFICATION
THAT
INSURANCE GROUP HAS BEEN UNDERTAKING FOR YEARS
    * OBJECTIVE IS TO ACHIEVE MORE AGILE ORGANIZATION THAT
RESPONDS
QUICKLY AND EFFECTIVELY TO MARKET DEMANDS, WHILE OPTIMIZING
PROCESSES
    * UNIFICATION WILL BE UNDERTAKEN IN TWO PHASES
    * MERGER OF SEGUROS CATALANA OCCIDENTE, PLUS ULTRA SEGUROS
AND
SEGUROS BILBAO, WHICH WILL OPERATE UNDER OCCIDENT BRAND, WILL
BECOME EFFECTIVE AT END OF 2023
    * IN SECOND PHASE, PLANNED FOR LATER, NORTEHISPANIA SEGUROS
WILL
ALSO BE INTEGRATED

Further company coverage:  GCO.MC 
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