MAPFRE Reaches an Agreement to Acquire US Insurer The Commerce Group, Inc. for EUR 1,538 Million
MAPFRE S.A. ( Nachrichten ) of Spain and US insurer The Commerce Group, Inc. ( ? COMMERCE ?? ) (NYSE:CGI) have announced today the signing of a merger agreement by which MAPFRE will acquire 100 per cent of the share capital of US insurer COMMERCE for ? 1,538 million ($2,207 million), in what represents a decisive step in its international expansion and the largest investment in the history of …
